Market Drama
September 18, 2023
Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
April 24, 2023
Watch Time: 3 minutes
Welcome to this week’s Market Drama!
- The S&P 500 was down 0.1%
- The two-year treasury yield was essentially flat for the week.
- Economic Data:
- The Philadelphia Fed manufacturing index came out in the week and showed a greater contraction than expected – the market did not like that.
- S&P Global Flash Services Index came in at 53.7 – better than the expected 52.
- Manufacturing index registered a 50.4.
- New York Fed president John Williams said inflation is still too high and monetary tools will be used to restore price stability.
What to look out for this week:
- Key data point is core PCE index for March.
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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