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 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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