WEEKLY UPDATE – March 12, 2018
Domestic stocks leapt ahead last week as the latest jobs report inspired renewed confidence in our economic standing. The S&P 500 added 3.54%, and the Dow gained 3.25%.  The NASDAQ erased its losses from February’s market correction to hit a new record close while growing 4.17% for the week. International stocks in the MSCI EAFE increased by 1.79% .
In addition to solid stock growth, Friday, March 9, also brought a significant milestone in the markets: the 9 th anniversary of our current bull market. The Dow is now in the midst of its longest-ever bull run, and the S&P 500’s bull market is its 2 nd-longest and -largest ever. 
To put the recovery in perspective, 9 years ago, the S&P 500 closed at only 676.53. By market’s close last Friday, the index was at 2,786.57-more than 4 times its value at the bull market’s start. 
What drove last week’s market performance?
While talk of tariffs on aluminum and steel imports affected stocks last week, a major jobs report was arguably the biggest market mover.  The Bureau of Labor Statistics released its latest jobs report on Friday, and the numbers relieved many investors’ inflation concerns. The data showed that the economy added 313,000 jobs in February – far more than what analysts expected.
At the same time, wages only grew by 2.6% from this time last year, below the prediction. 
What does this data mean?
Bloomberg called the labor report a “‘Goldilocks’ scenario,” because it indicates that the economy is neither too hot nor too cold. The data reveals that many people are returning to the workforce, but wages are not increasing fast enough to trigger significant inflation. 
This jobs report also contrasts with last month’s data, which showed wages rising faster than expected. That report contributed to February’s market correction. 
Ultimately, some analysts believe the latest data implies that inflation is less of a concern, and the Fed may only increase interest rates 3 times this year. 
Later this month, Federal Reserve leaders will meet to determine whether to raise interest rates and will also provide their latest economic projections. Looking ahead, we will continue to analyze the interplay between labor, inflation, and interest rates – and how these forces may affect your financial life
Thursday: Jobless Claims, Housing Market Index
- 4 ounces lower-sodium Swiss cheese, very thinly sliced
- 4 ounces lower-sodium deli ham, very thinly sliced
- ½ cup thinly sliced dill pickles, patted dry
- ½ cup packed fresh cilantro
- 8 (6″) flour tortillas
- Spicy brown mustard, for serving
- Spray a large baking sheet with nonstick cooking spray.
- Distribute lower-sodium Swiss cheese, lower-sodium deli ham, dill pickles, and cilantro on 4 flour tortillas on the prepared sheet.
- Put another flour tortilla on top of each.
- Spray the tops with the nonstick cooking spray.
- In 475°F oven, bake until bottoms are golden brown, 6-8 minutes.
- Use spatula to turn over sandwiches.
- Bake until deep golden brown and crisp, 6 minutes.
- Serve with spicy brown mustard.
- Keep Cool. Use an ice pack on your forehead, scalp, or neck. Experts believe reducing blood flow may lessen the pain.
- Go Over the Counter. For pills, that is. Painkillers like ibuprofen and naproxen reduce the inflammation that causes the pain. Aspirin and acetaminophen also help.
- Go Go Java. Caffeine in coffee helps provide mild relief. It also helps your body absorb medicine more quickly.
- Peace and Quiet. Loud and bright aren’t good for headaches. Find a place that’s quiet and dark. The lack of stimuli will make recovery faster.
- Get a Move On. Exercise is great for preventing headaches. But don’t exercise when you have a headache.
- Maximizing Magnesium. Studies indicate this mineral may help prevent a headache. However, it won’t relieve one you already have. Magnesium is in dark-green vegetables, whole grains, and nuts. You can also get it in supplement form.
- Nighty Night. A good night’s rest is a good way to help prevent migraines. But watch the time. Too little (or too much) may actually trigger a headache. Try for 7-8 hours per night.
- To B or Not to B. We’re talking vitamin B2, which is riboflavin. It’s found in milk, cheese, fish, and chicken.
Finding relief can be easy as implementing a few preventative measures.
Tip adapted from WebMD 
Put an End to Junk Mail: Go Green at Home
A lot of trees go into making your mail. In fact, it takes half of a tree to make a carton of 100%, non-recycled, 20-pound copier paper.
Do the mailbox math and a lot of trees go into keeping you abreast of store deals and discounts, account balances, notices, and current events.
How can you make your mailbox go green? Here are 10 tips for creating a more environmentally friendly postal service:
- Set a goal of receiving no mail. Many service providers and banks offer paperless services.
- Go to The Data and Marketing Association to get yourself removed from businesses’ marketing lists.
- Every month or so, call or email companies that send you unwanted mail.
- Mark “refused, return to sender” on unwanted letters with “return service requested,” “forwarding service requested,” “address service,” or “change service requested.”
- Call 888-5OPTOUT or go to www.optoutprescreen.com to block receiving unsolicited credit card offers.
- Contact Val-Pak Coupons and Valassis to be removed from direct marketers’ lists.
- Call your credit card companies and ask them to stop selling your name to marketers.
- Don’t fill out “contest” cards. Businesses are often only looking to expand their prospects’ lists.
- Write “do not sell my name or address” on letters or correspondence when you donate money or order products or services.
- Read online news and magazines rather than paper.
Going green – and saving the trees – can be remarkably easy in the digital society.
Tip adapted from Global Stewards 
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