Financial News and Portfolio Management Discussion through February 14th

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

US Stocks moved higher over the week on positive earnings reports and a truce in Ukraine.  The Dow gained 1.1% and the S&P 500 rose 2.0% for the week with the S&P 500 at a new record high.  The NASDAQ hit a 15 year high as well.  Internationally, Europe was up 1.0% and Japan was up 1.5%.  The yield on the 10 year Treasury rose back about the 2.0% threshold to finish at 2.02%.  Article

Home prices rose 6% in the fourth quarter from a year earlier.  That is up from 4.8% in the third quarter.

Retail sales fell 0.8% in January driven by dropping gas prices, but even excluding gas retail sales were flat.

Germany helped drive an increase in eurozone GDP in the 4th quarter of 0.3%, slightly topping expectations.  Article

Expedia and Orbitz agreed to merge in a $1.34 billion deal.

 

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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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