Financial News and Portfolio Management Discussion through March 28th

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

US stocks fell over the week on weak economic data and corporate earnings concerns.  The S&P 500 and Dow sank 2.3% for the week.  Internationally, Japan was down 1.4% and Europe slumped 2.1%.  The 10 Year Treasury yield ticked up slightly over the week ending at 1.95%.  Oil remains below $50 a barrel.  Article

US existing home sales rose 1.2% in February from January and are up 4.78% from last year.  The median price rose 7.5% making it harder for buyers with limited supply.

The CPIU rose for the first time in four months by 0.2%, but was flat from a year ago.

New home sales jumped 8% in February, the highest pace since early 2008.

Durable goods orders sank 1.4% in February showing that companies remain cautious to spend.

Japan posted no inflation growth over the trailing year ending in February spurring worries about deflation and whether the drastic stimulus measures under taken two years ago are working.

The final estimate of fourth quarter growth came in line with the previous estimate of 2.2%, while economist expected an upward revision.

In a speech Feed Chairwomen Janet Yellen laid out a gradual path for raising interest rates with small increases in hopes to not undermine the slow pace of current economic expansion.

Heinz and Kraft agreed to merge in a $49 billion deal.

Corporate profits rose 2.9% in 2014 down from the annual pace of 5.9% in the third quarter showing the strengthening dollar and middling global demand have dented corporate profit growth.

 

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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 in this newsletter 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.
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