March 10, 2025 • 6 mins
Marco’s Weekly Market Commentary for the week of March 10, 2025
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Episode Transcript
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(00:00):
Hey, there.
.687This is my Weekly Market Commentary for the week of March 10, 2025, The US markets faced their most challenging period since September 2024, with major indices experiencing significant declines, reflecting investor uncertainty and market unease. 3 00:00:18,579.524 --> 00:00:30,759.524 Economic data, particularly nonfarm payrolls and average hourly earnings, played a pivotal role in influencing market sentiment, contributing to the complex economic landscape investors are navigating. 4 00:00:31,266.009 --> 00:00:44,806.009 Geopolitical tensions, such as ongoing uncertainty surrounding President Trump's tariff actions and potential sanctions against Russia amidst the Ukraine conflict, have kept investors on edge and impacted energy prices. 5 00:00:45,98.322 --> 00:00:57,388.322 Despite the overall decline, certain sectors, including Utilities, Energy, and Technology, displayed resilience towards the week's end, while the Financials sector reflected broader market apprehensions. 6 00:00:57,789.977 --> 00:01:08,209.977 Fed Chair Jerome Powell's comments suggesting a wait-and-see approach concerning policy changes provided a measure of stability to the markets amid the prevailing volatility. 7 00:01:08,661.406 --> 00:01:20,271.111 Stock and Bond Market Commentary This past week, the US markets faced their most challenging period since September 2024, with major indices experiencing significant declines. 8 00:01:20,701.111 --> 00:01:24,321.111 The S&P 500 Index fell by 3.1%, 9 00:01:24,801.111 --> 00:01:30,511.111 marking its largest weekly loss since September, closing at 5,770.20. 10 00:01:31,381.111 --> 00:01:38,81.111 This downturn was echoed in the Dow Jones Industrial Average (DJIA), which dropped by 2.37% 11 00:01:38,81.111 --> 00:01:40,921.111 to settle at 42,801.72. 12 00:01:41,271.111 --> 00:01:47,351.111 Despite this setback, the DJIA remains the only major index with a positive year-to-date performance. 13 00:01:47,861.111 --> 00:01:51,771.111 Meanwhile, the Nasdaq Composite plunged by 3.5%, 14 00:01:52,261.111 --> 00:01:55,151.111 closing at 18,196.22, 15 00:01:55,661.111 --> 00:01:57,461.111 pushing it into correction territory. 16 00:01:58,73.809 --> 00:02:04,673.809 The bond market also reacted to these developments, with yields displaying mixed movements amid investor uncertainty. 17 00:02:05,213.809 --> 00:02:09,73.809 Economic data played a pivotal role in influencing market sentiment. 18 00:02:09,663.809 --> 00:02:17,473.809 Nonfarm payrolls increased by 151,000 in February, falling short of expectations and contributing to market unease. 19 00:02:17,963.809 --> 00:02:21,913.809 Additionally, average hourly earnings rose by 0.3%, 20 00:02:22,433.809 --> 00:02:25,243.809 while unemployment edged up to 4.1%, 21 00:02:25,743.809 --> 00:02:29,523.809 adding to the complex economic landscape investors are navigating. 22 00:02:30,47.687 --> 00:02:36,147.687 This week's economic calendar features several key dates that could significantly impact market dynamics. 23 00:02:36,587.687 --> 00:02:45,817.687 Investors are closely watching for updates on US foreign trade policies, especially given the ongoing uncertainty surrounding President Trump's tariff actions. 24 00:02:46,227.687 --> 00:02:56,657.687 The delay in tariffs on Mexican and Canadian imports under the USMCA has done little to ease market concerns, keeping geopolitical tensions at the forefront of investors' minds. 25 00:02:57,2.834 --> 00:03:02,972.834 Moreover, Fed Chair Jerome Powell's comments on Friday provided a measure of stability to the markets. 26 00:03:03,482.834 --> 00:03:11,882.834 Powell suggested that the Federal Reserve might adopt a wait-and-see approach concerning policy changes in trade, immigration, and fiscal regulation. 27 00:03:12,592.834 --> 00:03:24,82.834 This cautious stance is viewed as a stabilizing factor amid the prevailing volatility, as it allows markets to digest potential policy shifts without immediate monetary policy adjustments. 28 00:03:24,416.87 --> 00:03:31,997.845 Sector Performance and Market Trends Despite the overall decline, certain sectors displayed resilience towards the week's end. 29 00:03:32,617.845 --> 00:03:35,387.845 The Utilities sector gained 1.9%, 30 00:03:35,657.845 --> 00:03:38,37.845 Energy rose by 1.7%, 31 00:03:38,477.845 --> 00:03:42,117.845 and Technology saw a modest increase of 1.5%. 32 00:03:42,907.845 --> 00:03:46,497.845 However, the Financials sector declined by 0.5%, 33 00:03:46,987.845 --> 00:03:52,507.845 reflecting broader market apprehensions about economic growth prospects and regulatory changes. 34 00:03:53,4.534 --> 00:04:03,354.534 Oil prices experienced upward pressure due to geopolitical tensions, particularly with President Trump's remarks on potential sanctions against Russia amidst the Ukraine conflict. 35 00:04:03,934.534 --> 00:04:06,924.534 Brent crude closed at $70.36 36 00:04:06,924.534 --> 00:04:11,214.534 per barrel, while WTI settled at $67.04 37 00:04:11,214.534 --> 00:04:11,764.534 per barrel. 38 00:04:12,404.534 --> 00:04:21,844.534 These developments underscore the interconnected nature of global events and market reactions, as energy prices often serve as a barometer for geopolitical risk. 39 00:04:22,329.387 --> 00:04:32,139.387 This week has underscored the volatility inherent in today's markets, with economic data and geopolitical developments playing crucial roles in shaping investor sentiment. 40 00:04:32,679.387 --> 00:04:45,599.387 As markets continue to navigate these complex factors, investors are advised to remain vigilant and informed, utilizing insights from reliable sources such as BlackRock and Edward Jones for timely updates. 41 00:04:46,4.081 --> 00:04:59,274.081 For further insights on the latest financial market trends and expert commentary, consider visiting resources like BlackRock's Weekly Commentary or Edward Jones' Market Update for detailed analyses and projections. 42 00:04:59,537.414 --> 00:05:13,47.981 Disclosure Statement This commentary s for informational purposes only and should not be construed as investment advice, an offer, or a solicitation for the purchase or sale of any security, investment product, or service. 43 00:05:13,477.981 --> 00:05:20,857.981 It does not take into account the specific investment objectives, financial situation, or particular needs of any specific person. 44 00:05:21,567.981 --> 00:05:35,257.981 Investors should consider the suitability of the information in light of their own circumstances and consult their own legal, tax, and financial advisors before making any investment or utilizing any product or service mentioned in this report. 45 00:05:35,802.493 --> 00:05:39,702.493 Past performance is not necessarily indicative of future results. 46 00:05:40,152.493 --> 00:05:44,182.493 All investments involve risks, including the loss of principal invested. 47 00:05:44,872.493 --> 00:05:54,272.493 This report may contain forward-looking statements, which reflect our current views with respect to, among other things, the operations and performance of our businesses. 48 00:05:54,712.493 --> 00:06:04,772.493 You are cautioned not to place undue reliance on these forward-looking statements, which are subject to numerous assumptions, risks, and uncertainties, which change over time.
Hey, there.
.687This is my Weekly Market Commentary for the week of March 10, 2025, The US markets faced their most challenging period since September 2024, with major indices experiencing significant declines, reflecting investor uncertainty and market unease. 3 00:00:18,579.524 --> 00:00:30,759.524 Economic data, particularly nonfarm payrolls and average hourly earnings, played a pivotal role in influencing market sentiment, contributing to the complex economic landscape investors are navigating. 4 00:00:31,266.009 --> 00:00:44,806.009 Geopolitical tensions, such as ongoing uncertainty surrounding President Trump's tariff actions and potential sanctions against Russia amidst the Ukraine conflict, have kept investors on edge and impacted energy prices. 5 00:00:45,98.322 --> 00:00:57,388.322 Despite the overall decline, certain sectors, including Utilities, Energy, and Technology, displayed resilience towards the week's end, while the Financials sector reflected broader market apprehensions. 6 00:00:57,789.977 --> 00:01:08,209.977 Fed Chair Jerome Powell's comments suggesting a wait-and-see approach concerning policy changes provided a measure of stability to the markets amid the prevailing volatility. 7 00:01:08,661.406 --> 00:01:20,271.111 Stock and Bond Market Commentary This past week, the US markets faced their most challenging period since September 2024, with major indices experiencing significant declines. 8 00:01:20,701.111 --> 00:01:24,321.111 The S&P 500 Index fell by 3.1%, 9 00:01:24,801.111 --> 00:01:30,511.111 marking its largest weekly loss since September, closing at 5,770.20. 10 00:01:31,381.111 --> 00:01:38,81.111 This downturn was echoed in the Dow Jones Industrial Average (DJIA), which dropped by 2.37% 11 00:01:38,81.111 --> 00:01:40,921.111 to settle at 42,801.72. 12 00:01:41,271.111 --> 00:01:47,351.111 Despite this setback, the DJIA remains the only major index with a positive year-to-date performance. 13 00:01:47,861.111 --> 00:01:51,771.111 Meanwhile, the Nasdaq Composite plunged by 3.5%, 14 00:01:52,261.111 --> 00:01:55,151.111 closing at 18,196.22, 15 00:01:55,661.111 --> 00:01:57,461.111 pushing it into correction territory. 16 00:01:58,73.809 --> 00:02:04,673.809 The bond market also reacted to these developments, with yields displaying mixed movements amid investor uncertainty. 17 00:02:05,213.809 --> 00:02:09,73.809 Economic data played a pivotal role in influencing market sentiment. 18 00:02:09,663.809 --> 00:02:17,473.809 Nonfarm payrolls increased by 151,000 in February, falling short of expectations and contributing to market unease. 19 00:02:17,963.809 --> 00:02:21,913.809 Additionally, average hourly earnings rose by 0.3%, 20 00:02:22,433.809 --> 00:02:25,243.809 while unemployment edged up to 4.1%, 21 00:02:25,743.809 --> 00:02:29,523.809 adding to the complex economic landscape investors are navigating. 22 00:02:30,47.687 --> 00:02:36,147.687 This week's economic calendar features several key dates that could significantly impact market dynamics. 23 00:02:36,587.687 --> 00:02:45,817.687 Investors are closely watching for updates on US foreign trade policies, especially given the ongoing uncertainty surrounding President Trump's tariff actions. 24 00:02:46,227.687 --> 00:02:56,657.687 The delay in tariffs on Mexican and Canadian imports under the USMCA has done little to ease market concerns, keeping geopolitical tensions at the forefront of investors' minds. 25 00:02:57,2.834 --> 00:03:02,972.834 Moreover, Fed Chair Jerome Powell's comments on Friday provided a measure of stability to the markets. 26 00:03:03,482.834 --> 00:03:11,882.834 Powell suggested that the Federal Reserve might adopt a wait-and-see approach concerning policy changes in trade, immigration, and fiscal regulation. 27 00:03:12,592.834 --> 00:03:24,82.834 This cautious stance is viewed as a stabilizing factor amid the prevailing volatility, as it allows markets to digest potential policy shifts without immediate monetary policy adjustments. 28 00:03:24,416.87 --> 00:03:31,997.845 Sector Performance and Market Trends Despite the overall decline, certain sectors displayed resilience towards the week's end. 29 00:03:32,617.845 --> 00:03:35,387.845 The Utilities sector gained 1.9%, 30 00:03:35,657.845 --> 00:03:38,37.845 Energy rose by 1.7%, 31 00:03:38,477.845 --> 00:03:42,117.845 and Technology saw a modest increase of 1.5%. 32 00:03:42,907.845 --> 00:03:46,497.845 However, the Financials sector declined by 0.5%, 33 00:03:46,987.845 --> 00:03:52,507.845 reflecting broader market apprehensions about economic growth prospects and regulatory changes. 34 00:03:53,4.534 --> 00:04:03,354.534 Oil prices experienced upward pressure due to geopolitical tensions, particularly with President Trump's remarks on potential sanctions against Russia amidst the Ukraine conflict. 35 00:04:03,934.534 --> 00:04:06,924.534 Brent crude closed at $70.36 36 00:04:06,924.534 --> 00:04:11,214.534 per barrel, while WTI settled at $67.04 37 00:04:11,214.534 --> 00:04:11,764.534 per barrel. 38 00:04:12,404.534 --> 00:04:21,844.534 These developments underscore the interconnected nature of global events and market reactions, as energy prices often serve as a barometer for geopolitical risk. 39 00:04:22,329.387 --> 00:04:32,139.387 This week has underscored the volatility inherent in today's markets, with economic data and geopolitical developments playing crucial roles in shaping investor sentiment. 40 00:04:32,679.387 --> 00:04:45,599.387 As markets continue to navigate these complex factors, investors are advised to remain vigilant and informed, utilizing insights from reliable sources such as BlackRock and Edward Jones for timely updates. 41 00:04:46,4.081 --> 00:04:59,274.081 For further insights on the latest financial market trends and expert commentary, consider visiting resources like BlackRock's Weekly Commentary or Edward Jones' Market Update for detailed analyses and projections. 42 00:04:59,537.414 --> 00:05:13,47.981 Disclosure Statement This commentary s for informational purposes only and should not be construed as investment advice, an offer, or a solicitation for the purchase or sale of any security, investment product, or service. 43 00:05:13,477.981 --> 00:05:20,857.981 It does not take into account the specific investment objectives, financial situation, or particular needs of any specific person. 44 00:05:21,567.981 --> 00:05:35,257.981 Investors should consider the suitability of the information in light of their own circumstances and consult their own legal, tax, and financial advisors before making any investment or utilizing any product or service mentioned in this report. 45 00:05:35,802.493 --> 00:05:39,702.493 Past performance is not necessarily indicative of future results. 46 00:05:40,152.493 --> 00:05:44,182.493 All investments involve risks, including the loss of principal invested. 47 00:05:44,872.493 --> 00:05:54,272.493 This report may contain forward-looking statements, which reflect our current views with respect to, among other things, the operations and performance of our businesses. 48 00:05:54,712.493 --> 00:06:04,772.493 You are cautioned not to place undue reliance on these forward-looking statements, which are subject to numerous assumptions, risks, and uncertainties, which change over time.
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