Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
Welcome to this week’s Market Drama!
- The Stock Market:
- The S&P 500 was up 0.2% for the week.
- Nasdaq was up 0.7% for the week.
- Economic data points:
- Payroll numbers for November came up.
- We saw an addition of 199,000 jobs – slightly more than expected.
- Unemployment rate fell to 3.7% and labor force participation ticked higher.
- Job openings in October fell for the third straight month, to the lowest since March 2021.
- Employment data has been more resilient than expected, but it has over time gotten a little weaker.
- Payroll numbers for November came up.
Coming up next week:
- November CPI Inflation data.
- FOMC meeting.
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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