Market Drama
September 18, 2023
Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
August 28, 2023
Watch Time: 3 minutes
Welcome to this week’s Market Drama!
- The Stock Market:
- The S&P 500 was up and so was Nasdaq.
- S&P 500 was up 0.8% this past week.
- Nasdaq was up 2.3% for the week.
- Dow Jones was down 0.4%.
- Gross stocks outperformed value shares.
- Big story: Nvidia.
- The S&P 500 was up and so was Nasdaq.
- Economic Data:
- The Fed, Powell’s speech:
- No big reveals or shift in expectations.
- Focus on bringing down inflation.
- Earnings:
- Q2 will likely mark the end of earnings downturn.
- Macro data:
- New home sales reached highest lever since July 2022 despite seeing highest mortgage rates in years.
- The Fed, Powell’s speech:
When it comes to next week:
- Core PCE data.
- Inflation data.
- On Friday: U.S. payroll data, U.S. unemployment data, and U.S. hourly wage 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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