Financial News for the Week Ending March 15th

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

US stocks posted one of their worst weeks of the year as investors feared the fallout from a Crimea vote to succeed from the Ukraine. The Dow sank 2.4% for the week while the S&P 500 dropped 2%.  Internationally, stocks saw an even heavier drop with Japan falling 6.2% and Europe down 3.3%. The yield on the 10 year Treasury bond ended the week at 2.65% as investors sought safe havens.   Article

Japan revised their 4Q GDP to 0.7% from the earlier projection of 1.0% showing the country is on rockier footing. 

A drop in Chinese exports surprised economist and raised more concerns over Chinese growth. 

US retail sales rose 0.3% in February from January despite the havoc raised by the weather, a positive sign for the economy.  Article

More weak growth news emerged from China as industrial output in the January and February period was 8.6% compared to 9.7% in December.  Also, fixed asset investment growth, and retail sales both eased.   Article

Jos. A. Bank was purchased by Men’s Warehouse for $1.8 billion. 

Quiznos filed for chapter 11 bankruptcy aiming to reduce its debt load by two thirds.

About

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

DiggLinkedInDeliciousRead It LaterStumbleUponEmailGoogle BookmarksGoogle BuzzFacebookShare
This entry was posted in Monthly Market Commentary, Nonprofit Investing, Personal Financial Management. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • Contact Us
    Raffa Wealth Management
    1899 L Street, NW
    Suite 900
    Washington, DC 20036
    Tel: 202-955-6734