Market Drama

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

November 27, 2023 

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. 

Stay tuned for next week. 

– 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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