Market Drama

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

December 4, 2023 

Watch Time: 3 minutes

Welcome to this week’s Market Drama!

  • Oil fell 1.7% for the week. 
    • It is now down for $74 dollars a barrel. 
    • Lower oil prices eventually mean lower gasoline prices which is good for the consumer. 
    • It is also deflationary which is good for stocks.
  • The Stock Market:
    • The S&P 500 was up 0.8% for the week. 
      • Up 9% for November, making it one of the strongest months in over three decades. 
  • This week, we had better than expected Core CPE data.
    • Rose 0.2% month-over-month in October.
    • Year-over-year is down to 3.5%.
      • Above the range the Fed was seeking, but still decreasing. 

Coming up next week: 

  • November unemployment rate numbers. 

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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