Market Drama

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

March 6, 2023 
Watch Time: 3 minutes

Welcome to this week’s Market Drama!

  • Stock Market:
    • S&P 500 was up 1.6% for the week.
  • What drove this market action?
    • Macro data points:
      • Positive column:
        • ISM service index data and PMI service data show that February was stronger than expected.
        • Pending home sales had a robust number.
      • Negative column: 
        • If the housing market continues to stay at elevated levels, that could drive prices higher. 
        • In Europe, core inflation was up from January to February. 
    • Speech made by Atlanta Federal Reserve, President Bostik.

What to look out for next week: 

  • ADP employment data.
  • Job openings.
  • February labor report on Friday. 

Stay tuned for 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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