| Stocks moved lower last week as investors swung from exuberance to disappointment on news over tariffs and inflation. The Standard & Poor’s 500 Index fell 1.53 percent, while the Nasdaq Composite Index retreated 2.59 percent. The Dow Jones Industrial Average slid 0.96 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, declined 1.29 percent. An Up And Down Week Stocks started the week with a sharp rally after the White House said it may “give a lot of countries breaks” on reciprocal tariffs. The positive momentum continued into Tuesday, with the Nasdaq and S&P 500 outpacing the Dow. Then, midweek, news that the White House was planning additional tariffs on all cars made outside the U.S. rattled markets. On Friday, investors reacted to a warmer-than-expected inflation report and lower consumer sentiment, putting further pressure on stocks as the week closed. |
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| Source: YCharts.com, March 29, 2025. Weekly performance is measured from Monday, March 24, to Friday, March 28. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points. |
Noise vs Signal There can be a lot of noise in the market from time to time. This can make it hard for investors to interpret information as they search for the actual signal. Last week, investors were trying to interpret the White House decision to impose tariffs on all cars and some car parts made outside of the U.S. While some automakers are domestic and others are foreign-based, the question is whether companies will absorb the additional costs, pass them on to consumers, or look to build factories in the United States. Separating the noise from the signal may take time, which can be more challenging when the markets react to new tariff updates as they are announced. |
This Week: Key Economic Data Tuesday: ISM Manufacturing Index. PMI Manufacturing. Construction Spending. Job Openings. Wednesday: ADP Employment Report. Motor Vehicle Sales. Factory Orders. Fed Official Adriana Kugler speaks. Thursday: Jobless Claims. ISM Services Index. Fed Balance Sheet. International Trade in Goods & Services. Fed Officials Philip Jefferson and Lisa Cook speak.. Friday: Employment Situation. Fed Officials Michael Barr and Christopher Waller speak. Source: Investors Business Daily - Econoday economic calendarĶ¾ March 28, 2025 The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision. |
This Week: Companies Reporting Earnings No Mayor companies are reporting week. Source: Zacks, March 28, 2025. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice. |
 Things You Can Do on the IRS Website. While the IRS website might not be in your top bookmarks, the website is helpful for a lot of things regarding taxes. Here are just a few things you can do on the site:
This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional. Tip adapted from IRS. |
| Footnotes and Sources 1. The Wall Street Journal, March 28, 2025 2. Investing.com, March 28, 2025 3. CNBC.com, March 25, 2025 4. CNBC.com, March 26, 2025 5. CNBC.com, March 27, 2025 6. The Wall Street Journal, March 28, 2025 7. MarketWatch.com, March 27, 2025 8. IRS.gov, August 22, 2024 9. MUS Masters Swimming, October 3, 2024 |
| Dave Fischesser dave@fischfinancial.com 630-346-3302 Fisch Financial http://www.fischfinancial.com/ |