Market Drama

Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA

March 18, 2024 
Watch Time: 2 minutes

Welcome to this week’s Market Drama!

Stock Market Updates:

  • The S&P 500 was flat. 
  • Nasdaq was down 0.7%. 
  • The Barclays Agg Index was down 1.2% as yields rose. 

Economic Updates:

  • Inflation numbers came in hotter than expected. 
    • CPI data for February – Core CPI number came in at year-over-year 3.8%, expectation was 3.7%.
    • PPI data came in hotter than expected and drove yields higher. 
    • Equity market is on hold until this upcoming week. 

Coming up next week:

  • Housing starts data coming up this week.
  • FOMC meeting Wednesday. 

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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