Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
June 12, 2023
Watch Time: 2 minutes
Welcome to this week’s Market Drama!
- The Stock Market:
- The S&P was up 0.4% for the week. It is now up 12% for the year.
- In fact, it’s up 20% from it’s mid October lows.
- Bull market territory.
- What led the gains?
- Small-cap stocks and value stocks over large-cap and growth stocks.
- The S&P was up 0.4% for the week. It is now up 12% for the year.
What to look out for this week:
- Core CPI data for May.
- Expected to come in at 5.3% year-over-year.
- Federal Reserve is meeting Tuesday (6/13) and Wednesday (6/14). On Wednesday, they will announce whether they will keep interest rates where they are of it they’ll be hiked, 20-50 basis points more.
Stay tuned for next week.
– Andres
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