Financial News and Portfolio Management Discussion through April 9th

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

US Stocks edged down for the week as investors grew concerned that central bank stimulus would de insufficient to aid global growth. The S&P 500 and Dow fell 1.2% for the week. Internationally, Japan sank 2.1% while Europe was off 0.4% for the week. The yield on the 10 year Treasury fell over the week to finish at 1.72%. Oil surged, rising 8% to finish at $39.72 a barrel.  Article

The US trade deficient grew 2.6% in February as global weakness and a more expensive dollar weighed on us exports.

German 10 year bond yields have fallen close to zero driven by investors moving away from risky assets and the latest round of bond purchases by the ECB.

The transcript from the Fed’s March meeting showed they were unlikely to raise rates in April.

Yellen and former Fed chiefs stated they did not believe a recession was likely for the US in the near term

Alaska Air bought Virgin America for $2.5 billion.

Pfizer has backed away from its takeover of Allergan after new rules issued by the Treasury Dept to limit so called “corporate inversions,” where a US company merges with another based in another country to gain access to its lower tax rate.



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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 herein 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. Source: FMG Suite, LLC.
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