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 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. Zoe Financial does not provide legal advice.

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