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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