Market Drama

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

March 27, 2023 
Watch Time: 3 minutes

Welcome to this week’s Market Drama!

  • The S&P 500 was up 1.4%.
  • Nasdaq was up 1.7%.
  • UBS acquired Credit Suisse. 
    • There were concerns that it would go insolvent.
  • A lot of uncertainty around the banking system.
    • People are wondering if Deutsche is in trouble. 
  • Federal Reserve hiked interest rates by 25 basis points last week.  

What to look out for next week: 

  • Core PCE inflation data for February. 
    • Expectations are for 4.7 year-over-year growth. 

Look forward to 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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