Market Drama

Welcome to this week’s Market Drama!

• The Stock Market:
  • The S&P 500 was down 0.7%.
    • For the quarter it was down 3%.
  • Nasdaq was down 6% for September.
  • Bad quarter but still a good year. 
• Economic Snapsot:
  • Influence coming from the Fed communicating interest rates may keep hiking. 
  • Potential recession worries.
  • Core PCE inflation numbers were better than expected.
    • Below 4%.
  • Concerns of a government shutdown.

What to look for in this upcoming week?

• Payrolls on Friday.
  • Giving a sense of unemployment rates.  

Stay tuned for next week. 

– Andres