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

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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