Financial News for the Week Ending March 16th

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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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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