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 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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