Financial News and Portfolio Management Discussion through March 19th

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

US Stocks posted their fifth straight week of gains and erased losses for the year aided by more dovish comments from the Fed. The S&P 500 gained 1.4% and the Dow rose 2.3% for the week. Abroad, Japan was flat and Europe edged down 0.2% for the week. The yield on the 10 year Treasury fell over the week to 1.87% for the first time in five weeks due to the Fed’s comments. Oil continued to rebound finishing at $39.44 a barrel.  Article

Fed officials dialed back their view of the US economy and said it would be unlikely for them to raise interest rates as fast as they had previously stated after their most recent meeting. They now expect to raise short term rates twice in 2016. Policy makers expect the rate to be 0.875% by the end of the year according to the median forecast.  Article

Eurozone industrial output rose 2.1% in January over December, its largest jump since 2009 and outpacing expectations.

US retail sales dropped in February by 0.1% from January and January was revised to a decline of 0.4% from the originally reported 0.2% increase.

An ECB official said additional interest rate cuts were a possibility.



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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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