Market Drama

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

April 3, 2023 

Watch Time: 2 minutes

Welcome to this week’s Market Drama!

  • The S&P 500 was up 3.5%.
    • Bank stocks, specifically regional stocks were the sector leading the rally after significant weakness in prior weeks.
  • U.S. Core Personal Consumption Expenditure (PCE) Price Index for February came in better than expected at 4.6% (expectations were 4.7%).
    • The Core PCE is the Fed’s preferred measure of inflation. 

What to look out for this week: 

  • The big payroll number, the job data number on Friday.
  • The market is expecting 4.3% year-over-year wage growth.

Stay tuned for next week. 

– Andres

Disclosure: This material provided by Zoe Financial is for informational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Zoe Financial is not an accounting firm- clients and prospective clients should consult with their tax professional regarding their specific tax situation. Opinions expressed by Zoe Financial are based on economic or market conditions at the time this material was written.  Economies and markets fluctuate.  Actual economic or market events may turn out differently than anticipated.  Facts presented have been obtained from sources believed to be reliable.  Zoe Financial, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. 

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