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. 

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

Disclosure: This material provided by Zoe Financial is for informational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Zoe Financial is not an accounting firm- clients and prospective clients should consult with their tax professional regarding their specific tax situation. Opinions expressed by Zoe Financial are based on economic or market conditions at the time this material was written.  Economies and markets fluctuate.  Actual economic or market events may turn out differently than anticipated.  Facts presented have been obtained from sources believed to be reliable.  Zoe Financial, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. 

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