Financial News and Portfolio Management Discussion through March 18th

All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.

US Stocks rose slightly over the week as it appeared, based on Fed comments, that they would not raise rates as quickly as the market was expecting. The S&P 500 gained 0.2% and the Dow ticked up 0.1% for the week.  Internationally, Europe rose 1.4%, while Japan fell 0.5% for the week.  The yield on the 10 year Treasury, after reaching its highest level in over two years, fell over the week to 2.50%.  Article

The Fed announced it was raising the Fed funds rate a quarter percentage point to between 0.75% and 1.0%. They said they still expected to make two additional quarter percentage point increases this year.  The increase was made as the Fed views the US economy as being on more solid footing.  The projections were less aggressive then the market had anticipated.  As a result treasury yields fell.  The 10 Year Treasury yield posted its largest one day drop, 0.10%, since June.  Article

Retail sales posted their smallest gain since last summer rising just 0.1% in February.

Geert Wilders, an anti immigration candidate in the Netherlands, failed to make inroads in the Dutch election.

 

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Raffa Wealth Management is an independent investment advisor providing nonprofit organizations, high net-worth investors, and qualified retirement plans with a full range of investment consulting services.  We were established to fill the need for transparency, clarity, and vision in the professional management of investment assets.   Visit us at www.raffawealth.com

 

There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated.
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