Market Drama

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

November 20, 2023 

Watch Time: 3 minutes

Welcome to this week’s Market Drama!

  • The Stock Market:
    • The S&P 500 was up 2.2% for the week. 
    • Nasdaq was up 2.4% for the week.
  • Oil fell another 1.6% for the week.
    • We are now at $75 a barrel.  
    • Lower oil prices acts as a deflationary pressure.
  • Economic Data – Stock rally attributes:
    • Core CPI data came out better than expected. 
      • Inflation came down.
      • Headline CPI fell from 3.7 to 3.2.
      • Core CPI fell from 4.1% to 4%. 
    • Retail sales did a little better than expected. 
      • Upward revision to prior month. 
    • Economy is slowing down a bit but there is no sign of a recession. 
    • Rally continues to be very narrow.

Stay tuned for next week and have a great Thanksgiving. 

– 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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