Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
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.
- Positive column:
- Speech made by Atlanta Federal Reserve, President Bostik.
- Macro data points:
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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