Market Drama

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

January 16, 2023 

Watch Time: 4 minutes

Welcome to this week’s Market Drama!

  • The S&P 500 was up 2.7%.
  • The Russell 1000 growth was up 4%.
  • MSCI E.M. Index, which measures emerging market stocks, was up 4%.
  • The big headline number was CPI for December, which came in at 6.5% year-over-year growth. Core CPI was 5.7%.
  • When it comes to the inflation numbers, the core service number came in at a firm 0.5% month-over-month growth. 
  • If you look at goods inflation and service inflation numbers, you’ll see that goods inflation is coming down significantly, but service inflation remains fairly sticky, mainly because the second one is more tied to the labor market. 
  • The ratio of job openings to job seekers remains at near-all-time highs.

Looking at this week:

  • December headline retail sales number comes out. It’s expected to decline 0.5% month-over-month. 
    • It is important since 68% percent of the GDP in the U.S. is driven by the consumer buying things.

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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