Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
March 21, 2023
Watch Time: 3 minutes
Welcome to this week’s Market Drama!
- The S&P 500 was up roughly 2% by mid-day Friday March, 17th.
- The bond market has been very volatile.
- Bond move index hit an over five-year high that includes COVID.
- The Fed needs to decide if it’s going to lower interest rates to adjust for the banking sector’s woes, or if it should stay focused on inflation.
- Leading Economic Index (LEI) fell for its 11th straight month.
- Data is not very bullish all in all.
What to look out for this week:
- This Wednesday, the Fed will announce if they are going to hike interest rates 25 basis points, 50 basis points, or not at all.
Stay tuned for next week.
– Andres
Check out our webinar on the Silicon Valley Bank’s collapse here.
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