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.1,2 An Up and Down Week Then, midweek, news that the White House was planning additional tariffs on all cars made outside the U.S. rattled markets.4,5 On Friday, investors reacted to a warmer-than-expected inflation report and lower consumer sentiment, putting further pressure on stocks as the week closed.6 |
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Noise vs SignalThere 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.7 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 DataTuesday: 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 calendar; March 28, 2025 This Week: Companies Reporting EarningsNo major companies are reporting this 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. |
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“The greatest danger to our future is apathy.” – Jane Goodall |
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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 IRS8 |
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Improve Your Swimming with Masters SwimSwimming is a fantastic full-body, low-impact workout for people of all ages. Check out US Masters Swimming for a club near you as the weather warms up! USMS is an organized swimming club for swimmers of all levels. Swimming with a Masters club is a great way to build camaraderie, meet new friends, get better at swimming, and enjoy a great workout. There are clubs all over the country, likely at a pool near you, which you can find through the Club Finder tool on the USMS website. The coaches will help you start (and stick with) a swimming routine, improve your stroke, and learn more about the sport. Tip adapted from US Masters Swimming9 |
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It can only be broken with force, yet it can be dulled by contact with a piece of paper. What is it?
Last week’s riddle: Out of the 100 years in the 20th century, there is only one that reads the same upside down as it does right side up. What year is it? |
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Llama Guanaco |
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. US Masters Swimming, October 3, 2024