Market Drama
September 18, 2023
Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
February 20, 2023
Watch Time: 2 minutes
Welcome to this week’s Market Drama!
- Stock Market:
- The S&P 500 fell 0.28%.
- Dow Jones was also down.
- Nasdaq was up for the week.
- Government bond yields rose for the fourth consecutive week.
- What drove this market action?
- (1) January’s Producer Price Index came out hotter than expected. It rose 0.7%, while estimates were 0.4%.
- (2) Two Fed officials made statements that hinted at what would happen with interest rates.
What to look out for next week:
- Core PCE index data for January.
- We are closing up earnings season.
- More of macro data and implications for what the Fed will do regarding interest rates.
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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