Market Drama
September 18, 2023
Market Drama
Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA
September 11, 2023
Watch Time: 3 minutes
Welcome to this week’s Market Drama!
- The Stock Market:
- The S&P 500 was down and so was Nasdaq.
- S&P 500 was up 1.3% for the week.
- Nasdaq was down 1.9% for the week.
- Oil was up 2% for the week, 8.7% year-to-date.
- Oil going up adds inflationary pressures for energy prices.
- The S&P 500 was down and so was Nasdaq.
- Bond Market
- Yield curve, steepened from very low levels.
- Negative yield curves signal that we could see a bear market for stocks.
- Going from negative levels to a flat state is positive.
- We might be on our way to a positive yield curve.
Looking forward to next week:
- August CPI.
- August PPI.
- August retail sales.
Stay tuned for next week.
– Andres
Disclosure: This page is not investment advice and should not be relied on for such advice or as a substitute for consultation with professional accounting, tax, legal or financial advisors. The observations of industry trends should not be read as recommendations for stocks or sectors.
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