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 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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