Financial News and Portfolio Management Discussion through April 16th

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

Global stocks rose over the week on better than expected earnings reports. The S&P 500 rose 1.6% while the Dow gained 1.8% for the week. Abroad, Japan shot up 6.4% and Europe jumped 3.3% for the week. The yield on the 10 year Treasury edged up slightly finishing at 1.75%. Oil prices edged up on hopes of a production freeze; a barrel sold for $40.36.  Article

Retail sales fell 0.3% in March for the third straight month of flat or decline sales.

The CPI rose 0.1% in March for the first time in four months. Compared to last year prices rose just 0.9%, while core prices rose 2.2%.

China’s GDP rose 6.7% in the first quarter down from 6.8% in the fourth quarter, however there are some signs that recent stimulus measures are having an impact.

US Industrial output fell 0.6% in March, a sign of weakness in US manufacturing and energy.

Earnings season kicked off with Wall Street banking posting better than expected profits.

Goldman Sachs agreed to pay $5 billion to settle charges it misled investors with mortgage bonds it sold.

 

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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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