Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
Watch Time: 2.8 min.
Welcome to this week’s Market Drama!
Stock Market Update:
- S&P 500: Down 0.2% for the week, essentially flat.
- Nasdaq: Also flat.
- Oil: Up 1.3%, driven by renewed Middle East tensions.
- Market Focus: Geopolitical risks, especially increased U.S. military involvement in Iran, limit further gains.
Economic Update:
- Fed Meeting:
- Rates held steady.
- Still projects two rate cuts in the second half of 2025.
- Revised outlook:
- Growth expectations trimmed.
- Unemployment forecast raised to 4.5%.
- Core PCE inflation forecast increased to 3.1%.
- Retail Sales (May):
- Overall sales were affected by a sharp drop in auto sales (post-March tariff surge).
- Core retail sales (control group): up 0.4%, rebounding from April’s decline.
- Overall Picture:
- The economy is showing steady, if slow, growth.
- No immediate recession signals—but geopolitical tensions are dampening market momentum.
Next Week:
- PCE Inflation
- Consumer Confidence Survey
Stay tuned for next week.
– Andres
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