Retail Sales Posted Smallest Gain Since Last Summer

Financial News and Portfolio Management Discussion through March 18th

US Stocks rose slightly over the week as it appeared, based on Fed comments, that they would not raise rates as quickly as the market was expecting. The S&P 500 gained 0.2% and the Dow ticked up 0.1% for the week.  Internationally, Europe rose 1.4%, while Japan fell 0.5% for the week.  The yield on the 10 year Treasury, after reaching its highest level in over two years, fell over the week to 2.50%. Continue reading

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GM sold Opel Unit to France’s Peugeot

Financial News and Portfolio Management Discussion through March 11th

US stocks posted their first down week since January on a decline in oil prices. Oil fell below $50 to $48.49 a barrel and dropped 9.1% for the week.  The S&P 500 slipped 0.4% and the Dow fell 0.5% for the week.  Internationally, Japan rose 0.7%, while Europe was off 0.5% for the week.  The yield on the 10 year Treasury reached its highest level this year rising to 2.58% driven by expectations of the Fed hiking the Fed funds rate at its March meeting.

Job growth maintained its steady pace with 235,000 jobs added topping expectations. The unemployment rate ticked down to 4.7%.  Average earnings rose to 2.8% from a year earlier.  The strong report provides additional support for the Fed to make an interest rate hike at their next meeting.

The ECB said they will not reduce the bond purchase program they have in place or cut it short despite recent positive economic news from the country bloc. Draghi did state that it’s unlikely they will need to continue past the end of this year.

South Korean authorities are bringing bribery and corruption charges against the de facto leader of Samsung.

GM sold its Opel unit to France’s Peugeot.

Reposted from the Raffa Wealth Management Blog.

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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Target Posted Declines in Profit and Sales

Financial News and Portfolio Management Discussion through March 4th

US stocks posted their sixth straight week of gains posting record highs yet again on investor optimism. The S&P 500 rose 0.7% and the Dow gained 0.9%, for the week.  Internationally, Japan was up 1.0% and Europe surged 1.4%, for the week.  The yield on the 10 year Treasury yield rose to 2.49% up 0.17% over the week as investors expected an interest rate increase from the Fed in March.  Continue reading

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Ep 13. – The DNA of a Highly Engaged Culture

In this Lead. Learn. Thrive. podcast episode, Michelle Hailey speaks with Dr. Elizabeth Scott and Dr. Linda Klonsky from the Chicago School of Professional Psychology. They offer listeners a look at the components that help organizations thrive with constructive cultures, a better understanding as to why it’s important to consider addressing culture issues, and the benefits of being proactive in dealing with culture changes. Continue reading

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Verizon and Yahoo Have Agreed to a New Deal

Financial News and Portfolio Management Discussion through February 25th

US Stocks continued to rise on expectations of business friendly proposals from the President. The Dow has posted 11 straight record high closing days and the S&P 500 posted its fifth straight week of gains.  The S&P 500 rose 0.7% and the Dow rose 1.0% for the week.  Abroad, Japan gained 0.2% and Europe edged down 0.1% for the week.  The yield on the 10 year Treasury fell over the week to finish at 2.32%, its lowest level since November. Continue reading

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Retail Sales Rose 0.4% in January from December

Financial News and Portfolio Management Discussion through February 18th

US stocks continued their run of new record highs ending the week at an all time high on strong economic growth and corporate earnings. The S&P 500 rose 1.5% and the Dow gained 1.7% for the week.  Internationally, Japan dropped 0.7%, while Europe was up 0.8% for the week.  The yield on the 10 year Treasury was relatively flat for the week finishing at 2.43%. Continue reading

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US Stocks Hit New Record Highs on Solid Corporate Earnings

Financial News and Portfolio Management Discussion through February 11th

stocks-record-highUS stocks hit new record highs on solid corporate earnings and expectations on tax reductions. The S&P 500 rose 0.8% and the Dow rose 1.0% for the week.  Internationally, Japan soared, up 2.5% and Europe rose 0.9% for the week.  The yield on the 10 year treasury eased to end the week at 2.41%. Continue reading

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