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. 
  • 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 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. 

Ready to Grow Your Wealth?

Let us connect you with the best financial advisor for you to understand the implications of the markets in your personal financial plan. 

Recent Blogs