A tough last week of 1Q25 as strong gains on Monday could not overcome tariff fears leading to heavy declines on Wednesday and Friday which left the SPX 1.5% lower, the DJIA lighter by 1.4% while the technology heavy Nasdaq shed 2.5%, and is now 14% lower vs. highs in late December ‘24. Small and mid-cap stocks declined, both losing a bit more than 1%. Technology led sectors to the downside, shedding 3.4%, while Comm Services lost 1.6%.
No rebound is expected as tariff uncertainty continues to impact the numbers. PCE inflation data on Friday will be much talked about but unlikely to show a meaningful acceleration from the prior month level of 2.5%.
FOMC meets this week with no rate cut expected but investors still holding out for 2-3 cuts by the end of '25.
CPI and PPI inflation reports are front and center this week.
This blog will share some financial “spring cleaning” tips to help readers embrace the new season with financial confidence.
Earnings winding down but still some important players to report this week.