WEEKLY UPDATE – March 5, 2018
Volatility continued last week as markets posted their 1st weekly loss in 3 weeks.  Despite some recovery on Friday, the S&P 500 dropped 2.04%, the NASDAQ slipped 1.12%, and the Dow lost 3.05% for the week. Internationally, the MSCI EAFE fell 2.91%.
Last week’s ups and downs began with continued questions over whether the Fed will raise interest rates. By the week’s end, however, rumors of an international trade war dominated the attention of investors.
Fed Suggests Raising Interest Rates
New Fed Chair Jerome Powell testified on Tuesday that inflation and a strong economy may lead to interest rate hikes sooner than expected.  Whether the Fed will impose a 4 th hike this year caused investor uncertainty and led to mid-week market drops.  Powell noted, however, that increased market volatility will not influence the Fed’s decisions regarding rate increases. 
Trump Announces Tariffs on Imports
investor attention shifted on Thursday as President Trump announced plans to impose a 25% tariff on steel and a 10% tariff on aluminum imports.  While the move could protect American metal workers, some analysts worry it may also trigger a possible trade war. 
Countries around the world reacted to the news, with some announcing their own plans for U.S. tariffs in response.  Over the weekend, the President reacted by noting possible tariffs on imported autos, where the U.S. has a deficit. Some analysts worry this could further hurt an already negative trade gap in our Gross Domestic Product (GDP). 
Signs of Strength
Despite the developments with tariffs and rising interest rates, we did receive encouraging economic reports:
- Strong Consumer Sentiment: Last month’s consumer sentiment report hit its 2nd highest recording in over 10 years. Upon the approved tax bill, companies gave nearly $30 billion in bonuses, boosting consumer incomes and attitudes.
- Outstanding Jobless Claims: Last week’s reported jobless claims were the lowest in 49 years. A healthy demand for labor and few layoffs have helped keep unemployment numbers low.
Expect more market volatility going forward as investors follow the Fed’s interest rate plans to keep potential inflation in check. The President has also promised to announce specific details concerning the proposed new tariffs this week.  If you have questions concerning how these developing economic policies may impact your financial life, we are always here to help.
Wednesday: ADP Employment Report
- 2 tablespoons honey
- 2 tablespoons low-sodium soy sauce
- 1 tablespoon balsamic vinegar
- 4 6-ounce skinless cod fillets
- Kosher salt and pepper
- 1 tablespoon canola oil
- 3 cloves garlic, finely chopped
- 4 scallions, thinly sliced
- 1 small red chile, thinly sliced
- 1 1-inch piece ginger, grated
- 3 large heads bok choy (about 2¼ pounds)
- Chopped toasted sesame seeds, for serving
- Place oven rack 6 inches from broiler. Heat broiler.
- Whisk together honey, soy sauce, and balsamic in microwave-safe bowl. Microwave mix until slightly thickened, 60-90 seconds.
- Pat cod fillets dry and season with ¼ teaspoon salt and ½ teaspoon pepper.
- Spoon half of the glaze over the cod and brush it to coat. Broil the cod until is opaque, 6-7 minutes.
- Spoon remaining glaze over the top.
- At the same time, heat oil in a large skillet over medium heat. Add garlic, scallions, chile, and ginger. Cook while tossing for 30 seconds. Add bok choy and ¼ teaspoon salt.
- Cover and cook for 2 minutes. Uncover and keep cooking, tossing until the bok choy is tender, 3-4 minutes more. Add 1-2 tablespoons water if necessary.
- Serve with glazed cod.
- Sprinkle fish with sesame seeds, if desired.
Recipe adapted from Good Housekeeping 
Curing the Blues
How do you battle depression when you’re too depressed to put forth the effort? Here are 9 tips to lift your spirits and to bring some good, old-fashioned cheer into your life:
- Enlist Fido and Fluffy. Hanging out with your pets can be very therapeutic.
- Eat smart. While no specific foods can lift the blues, a balanced diet of fruits, vegetables, and whole grains can take you a long way to happiness.
- Eat more mood foods. Some studies show that omega-3 fatty acids and vitamin B12 help alleviate depression. Think salmon, tuna, mackerel, flaxseed, nuts, soybeans, and dark green vegetables.
- Go low-fat carbs. Carbohydrates help raise your serotonin, a brain chemical that gives you a feeling of well-being.
- Cut the joe. Too much coffee can increase anxiety, which often coincides with depression. A cup or 2 might be OK. But a pot? Say no to joe.
- Deal with the hurt. When you’re in pain, it’s difficult to be in a good mood. Consult your doctor to manage the pain and the depression.
- Get a move on. When you’re in pain, it’s difficult to be in a good mood. Consult your doctor to manage the pain and the depression.
- Get outta here. Seasonal affective disorder is common in the winter when it’s difficult to get outside. The cure? Light therapy, antidepressants, vitamin D supplements, and talk therapy.
- Create! Try your hand at painting, photography, music, knitting, or writing. While you don’t have to produce a masterpiece, the point is to express your feelings. Being creative helps give you a better understanding of yourself.
Fighting the blues can be as easy and simple as just adding a little activity in your life.
Tip adapted from WebMD 
How Do You Reduce Office Water Waste?
Going green at the office is simple and just as important as it is at home. One easy way of becoming more environmentally sensitive at the office is by installing water-efficient appliances.
The Environmental Protection Agency states that businesses could save the country more than 3 trillion gallons of water and $18 billion per year.
Water use also involves electricity. A faucet running for 5 minutes uses as much energy as a 60-watt light bulb for 14 hours. Commercial buildings expend about 40% of the nation’s energy.
How do you turn your business green? Here are some tips:
Do a water audit. Water audits identify ways to make your business energy efficient and save money at the same time.
Upgrade your appliances and fixtures. Water-efficient appliances and fixtures can save your business a lot of money. The U.S. Department of Energy’s Efficiency and Renewable division provides grants to help businesses upgrade to renewable and energy-efficient technologies.
Go with native plants and advanced irrigation systems. Native and drought-tolerant plants reduce water use. Advanced irrigation systems can save businesses millions of gallons of water and cut utility costs.
Prioritizing water efficiency is one of the best long-term strategies to save money and help the environment.
Tip adapted from EarthShare 
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