Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
Welcome to this week’s Market Drama!
Stock Market Updates
- The S&P 500 was up 4.7% for the week, up 25% for the year.
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Nasdaq was up 5.7% for the week, up 28.5% for the year.
What Drove The Market?
The biggest driver of stock market performance was the conclusion of the presidential election. It’s not the political aspect, but rather the removal of the uncertainty surrounding the elections that drove market movements.
The asset class returns post election day was U.S. small-cap up 5.8%, mid-cap 4.2%.
Federal Reserve meeting, which culminated with the Fed cutting another 25 basis points. In the commentary, there was left room to cut further.
Coming Up Next Week:
- CPI data, which will give us a sense for how inflation is fairing.
- Retail sales data, which give us a sense of how the consumer spending is looking.
Stay tuned for next week.
– Andres
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