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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