Financial News and Portfolio Management Discussion through March 16th

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

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US stocks rose over the week driven by tech stocks and despite new evidence that global growth is slowing.  The S&P 500 rose 2.9% and the Dow gained 1.6% for the week.  Internationally, Japan climbed 2.0% and Europe jumped 2.8% for the week.  The 10-year Treasury yield fell to near its lowest level of the year ending the week at 2.59%.

Retail sales rose 0.2% in January from December topping expectations.

Prime Minister May’s latest Brexit deal was once again rejected by Parliament and they voted to seek an extension from the EU ahead of the scheduled March 29th departure date.

CPI-U rose 0.2% in February, a low number in line with expectations.  It continued to show the Fed doesn’t have any urgency to act.

Industrial output slowed more than expected in China in January and February.

US manufacturing output fell for a second straight month, falling 0.4% in February.

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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