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. 
  • 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.

Ready to Grow Your Wealth?

Let us connect you with the best financial advisor for you to understand the implications of the markets in your personal financial plan. 

Recent Blogs

About Zoe Financial

Zoe is a wealth platform that connects you to the right trustworthy, credentialed, and experienced wealth advisor for your needs. We believe financial advice should come from unbiased and certified professionals. That’s why Zoe’s extensive vetting process qualifies only the top 5% of managers in the United States.

Net Worth

Best Online Financial Advisor 2022

Net Worth

Series A Led by Softbank

Net Worth

Most Innovative Companies 2022

Net Worth

2019 Annual Fintech Competition Winner

Featured by:

Net Worth
Net Worth
Net Worth
Net Worth