Market Drama
September 18, 2023
Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
July 10, 2023
Watch Time: 2 minutes
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.
- The S&P was down over 1% for the week.
- 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
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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