Market Drama

Welcome to this week’s Market Drama!

• The Stock Market:
  • The S&P was down over 1% for the week. 
    
    • It’s up close to 15% year-to-date. 
• Economic Data:
  • Payroll’s data could have driven the markets to sell-off.
  • U.S. payroll came in weaker than expected at 209,000 vs. the expected 240,000.
  • The unemployment rate dropped from 3.7 to 3.6, showing a lot of tightness in the job market. 
  • Wages came in at 4.4% year-over-year growth, higher than expected. 

What to look out for this week: 

• A lot of inflation data coming up:
  • Consumer Price Index – CPI (Core CPI is expected to come at 5% after being 5.3% last month).
  • Producer Price Index – PPI.

Stay tuned for next week. Have a good one.

– Andres