All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.
The Dow had its first down day in ten sessions on Friday, but the index rose 0.8% for the week. The S&P 500 also gained 0.6% and is just 0.28% short of its all time high. Europe rose 0.6% for the week and Japan gained 2.3%. The 10 year Treasury note fell back below 2.0% to finish the week at 1.998%. Article
Retail sales rose 1.1% in February vastly outpacing expectations of slowing spending due to the end of the payroll tax holiday. The reading was a very positive sign for the economy.
The CPI jumped 0.7% in February, the largest move up since June 2009, however when volatile food and energy prices are removed the measure rose 0.2%; a number unlikely to alarm the Fed.
Hedge Fund SAC Capital Advisors will pay $616 million to settle two inside trading cases with the SEC. Article
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