Financial News and Portfolio Management Discussion through March 12th

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

US stocks posted their fourth straight week of gains aided by an increase in oil prices, moves by the ECB and generally improving economic numbers. The S&P 500 rose 1.1% while the Dow gained 1.2% for the week. Internationally, Japan fell 0.5%, while Europe edged up 0.1% for the week. Oil rose to $38.50 a barrel. With the improving economic numbers investors moved away from bonds and the yield on the 10 year Treasury rose to 1.98%, the highest level since the end of January.  Article

The ECB announced new stimulus measures in hopes of spurring growth in the eurozone. They will increase monthly bond purchases by 20 billion euros above the current 60 billion, expand purchases to highly rated corporate bonds, lower all three of the ECB’s main interest rates and roll out four year loans to banks at rates so low the ECB could pay them to borrow. All the moves were more aggressive than expected.  Article

China announced they are targeting a 6.5% to 7% annual growth rate.

 

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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 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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