--- title: Market Commentary - Week ending March 9, 2018   description: Read our weekly Market Commentary for insights and information. image: https://info.pacificinvestmentresearch.com/hubfs/Guages_1.3-02-1.jpg --- [Blog](http://138.68.1.151/insights/the-pir-blog/) [Client Login](https://myaccountviewonline.com/accountview) - [About](https://pacificinvestmentresearch.com/about-pacific-investment-research/) - [Meet the Team](https://pacificinvestmentresearch.com/about-pacific-investment-research/meet-the-team/) - [Our Fees](https://pacificinvestmentresearch.com/about-pacific-investment-research/our-fees/) - [Contact Us](https://pacificinvestmentresearch.com/contact-us/) - [Why Pacific?](https://pacificinvestmentresearch.com/why-pacific/) - [Are We Right for You?](https://pacificinvestmentresearch.com/why-pacific/are-we-right-for-you/) - [Key Facts & Credentials](https://pacificinvestmentresearch.com/why-pacific/key-facts-credentials/) - [Active Management](https://pacificinvestmentresearch.com/why-pacific/active-management/) - [Money Management Expertise](https://pacificinvestmentresearch.com/why-pacific/no-middle-man/) - [Who We Serve](https://pacificinvestmentresearch.com/who-we-serve/) - [Case Study 1 - Pre Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-1/) - [Case Study 2 - Early Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-2/) - [Case Study 3 - Mid-Late Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-3/) - [What We Do](https://pacificinvestmentresearch.com/what-we-do-2/) - [Investment Management](https://pacificinvestmentresearch.com/what-we-do-2/plan-your-financial-future/) - [Comprehensive Planning](https://pacificinvestmentresearch.com/what-we-do-2/financial-planning/) - [How We Work Together](https://pacificinvestmentresearch.com/what-we-do-2/how-it-works/) - [Insights](https://info.pacificinvestmentresearch.com/blog) - [The PIR Blog](https://info.pacificinvestmentresearch.com/blog) - [Free Offers](https://pacificinvestmentresearch.com/free-offers/) - [Complimentary Meeting](https://pacificinvestmentresearch.com/free-offers/free-financial-check-up/) - [Speak with a Financial Professional](https://pacificinvestmentresearch.com/speak-with-a-financial-professional/) - [Second Opinion - Investment Review](https://pacificinvestmentresearch.com/free-offers/second-opinion-reviews/) - [How to Select an Advisor - Free Guide](https://pacificinvestmentresearch.com/free-offers/ebook-offer/) - [Client Login](https://pacificinvestmentresearch.com/client-login/) ### Posts by Topic - [Market Commentary (123)](https://info.pacificinvestmentresearch.com/blog/topic/market-commentary) - [Market Snapshot (35)](https://info.pacificinvestmentresearch.com/blog/topic/market-snapshot) - [Retirement Planning (22)](https://info.pacificinvestmentresearch.com/blog/topic/retirement-planning) - [Insider (3)](https://info.pacificinvestmentresearch.com/blog/topic/insider) - [Buying Your Retirement Home (1)](https://info.pacificinvestmentresearch.com/blog/topic/buying-your-retirement-home) - [Social Security Topics (1)](https://info.pacificinvestmentresearch.com/blog/topic/social-security-topics) see all [![PIR](https://info.pacificinvestmentresearch.com/hubfs/Pir_May_2017_-theme/Images/logo.png)](https://pacificinvestmentresearch.com/) - [About](https://pacificinvestmentresearch.com/about-pacific-investment-research/) - [Meet the Team](https://pacificinvestmentresearch.com/about-pacific-investment-research/meet-the-team/) - [Our Fees](https://pacificinvestmentresearch.com/about-pacific-investment-research/our-fees/) - [Contact Us](https://pacificinvestmentresearch.com/contact-us/) - [Why Pacific?](https://pacificinvestmentresearch.com/why-pacific/) - [Are We Right for You?](https://pacificinvestmentresearch.com/why-pacific/are-we-right-for-you/) - [Key Facts & Credentials](https://pacificinvestmentresearch.com/why-pacific/key-facts-credentials/) - [Active Management](https://pacificinvestmentresearch.com/why-pacific/active-management/) - [Money Management Expertise](https://pacificinvestmentresearch.com/why-pacific/no-middle-man/) - [Who We Serve](https://pacificinvestmentresearch.com/who-we-serve/) - [Case Study 1 - Pre Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-1/) - [Case Study 2 - Early Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-2/) - [Case Study 3 - Mid-Late Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-3/) - [What We Do](https://pacificinvestmentresearch.com/what-we-do-2/) - [Investment Management](https://pacificinvestmentresearch.com/what-we-do-2/plan-your-financial-future/) - [Comprehensive Planning](https://pacificinvestmentresearch.com/what-we-do-2/financial-planning/) - [How We Work Together](https://pacificinvestmentresearch.com/what-we-do-2/how-it-works/) - [Insights](https://info.pacificinvestmentresearch.com/blog) - [The PIR Blog](https://info.pacificinvestmentresearch.com/blog) - [Free Offers](https://pacificinvestmentresearch.com/free-offers/) - [Complimentary Meeting](https://pacificinvestmentresearch.com/free-offers/free-financial-check-up/) - [Speak with a Financial Professional](https://pacificinvestmentresearch.com/speak-with-a-financial-professional/) - [Second Opinion - Investment Review](https://pacificinvestmentresearch.com/free-offers/second-opinion-reviews/) - [How to Select an Advisor - Free Guide](https://pacificinvestmentresearch.com/free-offers/ebook-offer/) - [Client Login](https://pacificinvestmentresearch.com/client-login/) Menu - [Home](http://138.68.1.151/) - Market Commentary - Week ending March 9, 2018   # Market Commentary - Week ending March 9, 2018   **U.S. equities rose on strong labor reports and a modest wage increase erased some concerns of an overheating in the economy. Meanwhile our Short Term Indicator went Bullish. ** - The Nasdaq Composite hit a new record, and all of major U.S. indexes were brought back into positive territory year-to- date following a strong rally on Friday. The technology-heavy NASDAQ fared the best of the major indexes while the small-cap Russell 2000 also performed especially well. The Dow Jones Industrial Average added almost 800 points last week, rising 3.3% and closing at 25,335.74. The Nasdaq Composite rose 4.2% and closed at 7,560—an all-time high. By market cap, small caps outperformed large caps with the small cap Russell 2000 and mid cap S&P 400 gaining 4.2% and 3.8%, respectively, while the large cap S&P 500 added 3.5%. - International Markets: Canada’s TSX reversed most of last week’s losses rising 1.3%. In Europe, major markets were all in the green. The United Kingdom’s FTSE added 3.8%, France’s CAC 40 rose 2.7%, and Germany’s DAX gained 3.6%. In Asia, China’s Shanghai Composite rebounded 1.6% from last week’s close and Japan’s Nikkei finished up 1.4%. As grouped by Morgan Stanley Capital International, developed markets added 2.0% while emerging markets gained 3.4%.![Indices9.png](https://info.pacificinvestmentresearch.com/hs-fs/hubfs/Indices9.png?width=800&height=450&name=Indices9.png) - Commodities: In contrast to the strong move upward in world equity markets, gold remained essentially flat rising just $0.60 on the week and closing at $1324 an ounce. Silver added $0.14 to close at $16.61, a gain of 0.9%. The industrial metal copper, viewed by many analysts as an indicator of global economic health due to its variety of uses, gained 0.4% last week. In energy, the price of West Texas Intermediate crude oil rose $0.79 to $62.04 per barrel, a gain of 1.3%. - U.S. Economic News: According to the Labor Department, the U.S. added 313,000 new jobs in February. This was a blowout that crushed expectations. Economists had been expecting nonfarm payroll growth of only 200,000. In addition, the Labor Department reported an increase in the labor force participation rate to its highest level since September, with the total employed up 785,000 to a record 155.2 million. Greg Peters, senior investment officer at PGIM Fixed Income stated, “The underlying economic growth is quite strong, but there's no real pressures from a wages and inflation standpoint. It's very good for risk assets.” In the details of the report, construction jobs led the way with 61,000 new positions, followed by retail and professional and business services (50,000 each). And it appears inflation may be held in check for a bit longer, wage growth came in less than expected, up just 0.1% for the month.![united-states-unemployment-rate.png](https://info.pacificinvestmentresearch.com/hs-fs/hubfs/united-states-unemployment-rate.png?width=730&height=340&name=united-states-unemployment-rate.png) Please visit our website [www.pacificinvestmentresearch.com](http://www.pacificinvestmentresearch.com) for more insights. Email us at [info@pacificinvestmentresearch.com](mailto:info@pacificinvestmentresearch.com) if you have any questions. ![Pacific Investment Research](https://app.hubspot.com/settings/avatar/315c67425e4ebf3eedbd86df2f831d03) ### Written by [Pacific Investment Research](https://info.pacificinvestmentresearch.com/blog/author/pacific-investment-research) ### Subscribe to our newsletter # Are you prepared to retire when you want to? Schedule your complimentary 30 minute financial overview session today. [Book Now](https://info.pacificinvestmentresearch.com/free-financial-checkup-pacific-investment-research) ### Popular Posts - [![Everyone's Talking About: The Fed](https://info.pacificinvestmentresearch.com/hubfs/market%20vol%20pp%3B.jpg)](https://info.pacificinvestmentresearch.com/blog/everyones-talking-about-the-fed) [Everyone's Talking About: The Fed](https://info.pacificinvestmentresearch.com/blog/everyones-talking-about-the-fed) July 19, 2019 - [![Market Commentary - Week ending September 27, 2019](https://info.pacificinvestmentresearch.com/hubfs/Market%20Data%2009-30-2019.png)](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-september-27-2019) [Market Commentary - Week ending September 27, 2019](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-september-27-2019) September 30, 2019 - [![Market Commentary - Week ending February 10, 2020](https://info.pacificinvestmentresearch.com/hubfs/Guages_1.3-02-1.png)](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-february-10-2020) [Market Commentary - Week ending February 10, 2020](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-february-10-2020) February 10, 2020 [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fhs-previewvtyjomwp-5548999863-0-0-0-0-0-0%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fhs-previewvtyjomwp-5548999863-0-0-0-0-0-0%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fhs-previewvtyjomwp-5548999863-0-0-0-0-0-0%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fhs-previewvtyjomwp-5548999863-0-0-0-0-0-0%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Market%20Commentary%20-%20Week%20ending%20March%209%2C%202018%C2%A0%C2%A0) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fhs-previewvtyjomwp-5548999863-0-0-0-0-0-0%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fhs-previewvtyjomwp-5548999863-0-0-0-0-0-0%3Futm_medium%3Dsocial%26utm_source%3Demail) ### Wondering when you can retire? Schedule your no-pressure, free financial review today. [Let’s Talk ❯](https://info.pacificinvestmentresearch.com/free-financial-checkup-pacific-investment-research) #### Learn More - [About](http://138.68.1.151/about-pacific-investment-research/) - [What We Do](http://138.68.1.151/what-we-do-2/) - [Who We Serve](http://138.68.1.151/who-we-serve/) - [Why Pacific?](http://138.68.1.151/why-pacific/) - [Contact Us](http://138.68.1.151/contact-us/) - [Legal Information](http://138.68.1.151/legal-information/) #### Pacific Investment Research Pacific Investment Research is a boutique investment advisory firm that provides financial planning and investment management services to investors throughout California.  We have more than 25 years of experience helping individuals and couples accumulate and preserve the assets they need for a secure financial future.  As fee-only fiduciaries, we put our clients' best interests first. [![CFP](https://info.pacificinvestmentresearch.com/hubfs/Pir_May_2017_-theme/Images/cfp.png)](http://www.cfp.net/) ![Badge 7](https://info.pacificinvestmentresearch.com/hs-fs/hubfs/Pir_May_2017_-theme/Images/badge7.png?width=110&name=badge7.png) Paladin Certified This advisor or firm is a vetted, documented member of the Paladin Registry. Certified is Paladin’s highest level of due diligence for financial advisors and firms. Paladin has conducted background checks for the credentials and ethics that are documented in its Registry research reports. Paladin provides free information services to investors who rely on planners and investment advisors to help them achieve their financial goals. Paladin is the only SEC registered firm that vets, validates, and documents the quality of financial professionals and firms (since 2003). [Click Here](https://www.paladinregistry.com/financial-advisor/orange-california/Richard.Schultz) to view Paladin’s research report for this professional or firm. [![napfa](https://info.pacificinvestmentresearch.com/hubfs/Footer%20Logos/MDP-Logo.jpg)](https://www.napfa.org/firm/5176) [![naaim](%3Chttps://cdn2.hubspot.net/hubfs/3306377/Footer%20Logos/naaim.jpg)](https://www.naaim.org/) [![mdp](%3Chttps://cdn2.hubspot.net/hubfs/3306377/Footer%20Logos/NAPFA-logo.jpg)](http://www.mdpreferredservices.com/) #### Connect with us - Southern California 942 E Chapman Ave Orange CA, 92866 714.731.0848 [info@pacificinvestmentresearch.com](https://info.pacificinvestmentresearch.com/blog/info@pacificinvestmentresearch.com) - Northern California 19925 Stevens Creek Blvd, Suite 100 Cupertino CA, 95014 408.217.6888 [info@pacificinvestmentresearch.com](https://info.pacificinvestmentresearch.com/blog/info@pacificinvestmentresearch.com) - Social Networks [[![PIR](https://info.pacificinvestmentresearch.com/hubfs/Pir_May_2017_-theme/Images/logo.png)](http://138.68.1.151) © 2018 Pacific Investment Research. All rights reserved.](https://www.facebook.com/PacificInvestmentResearch/)