Financial News and Portfolio Management Discussion through June 15th

US stocks edged higher over the week on optimism on future Fed moves.  The S&P 500 rose 0.5% and the Dow gained 0.4% for the week.  Internationally, Japan was up 1.1% and Europe edged up 0.4% for the week.  The yield on the 10-year Treasury was flat over the week ending at 2.09%.

China said it would accelerate funding of infrastructure projects.  The move is fresh stimulus for the country’s economy.

The CPI rose 0.1% in May from June and is up 1.8% over the trailing year.

Retail sales rose 0.5% in May, less than expected.  April’s number was revised up to 0.3%.

United Technologies and Raytheon agreed to a merger to create an aerospace and defense giant valued at more than $100 billion.

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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