Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
Welcome to this week’s Market Drama!
- The S&P 500 fell 0.65% last week due to weaker-than-expected December retail sales and industrial production numbers.
- The fall for stocks could’ve been worse if it wasn’t for the consumer service sector, which rallied because of Netflix and Google.
- Netflix rallied over 6% with better-than-expected earnings due to subscription numbers.
- Google rallied after they made announcements on layoffs.
When it comes to this week:
- Proper beginning of Earnings Season. Tesla, AT&T, Verizon, Boeing, IBM, Visa, and Mastercard, among many others, are reporting on earnings.
- The January Global Composite Purchasing Managers Index (PMIs) comes out on Tuesday. We’ll see how economic activity’s looking for the month of January so far.
- December’s Personal Consumption Expenditure (PCE) price index comes out on Friday.
Stay tuned for next week.
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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