Financial News and Portfolio Management Discussion through March 26th

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

US stocks saw their streak of weekly gains snapped as oil prices fell and the potential for a Fed move this summer increased. The S&P 500 fell 0.7% while the Dow eased 0.5% for the week. Internationally, Japan rose 1.7%, but Europe was off 1.9% for the week. The yield on the 10 year Treasury bill rose slightly to 1.90%.  Article

Fourth quarter GDP was revised higher to 1.4% from the previously reported 1.0%. The number was driven higher by consumer spending and despite weakness from corporate profits.  Article

Durable goods orders fell 2.8% in February from January showing weak global growth is pulling down corporate spending.

US natural gas output reached its highest level ever during the winter resulting in a large supply glut.



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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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