Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
Watch Time: 1 minute
Welcome to this week’s Market Drama!
- The Stock Market:
- The S&P 500 was up 1% for the week.
- Nasdaq was up 0.9% for the week.
- Overall, stocks have been going up for the last four weeks in a row.
- Very quiet in the oil and treasury markets because of Thanksgiving.
- Volatility has collapsed. If you look at the VIX index, which measures volatility for stocks, it is now at 12.5 – lowest level since January 2020.
Coming up next week:
- Third-quarter GDP.
- Core PCE inflation data.
- Estimates are for 3.5 versus the prior month that was at 3.7.
- We expect inflation to continue to slowly come down.
- Estimates are for 3.5 versus the prior month that was at 3.7.
Stay tuned for next week.
– Andres
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