Market Drama

Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA

April 17, 2023 
Watch Time: 3 minutes

Welcome to this week’s Market Drama!

  • The S&P 500 was up 0.8% week over week. 
  • Economic Data:
    • March core CPI hit expectations of 5.6% year-over-year. 
    • PPI (Producer Price Index) data capture inflation on input costs through the supply chain. The trend is encouraging, with PPI falling 2.5% in March year-over-year.
  • The banking system situation:
    • Credit lending will get tighter, but consumers continue to have borrowing capacity.

What to look out for this week: 

  • Keep an eye out for the LEI indicator and PMI (Purchasing Manager Index) data.

Stay tuned for next week. 

– Andres

Disclosure: This page is not investment advice and should not be relied on for such advice or as a substitute for consultation with professional accounting, tax, legal or financial advisors. The observations of industry trends should not be read as recommendations for stocks or sectors.

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