Financial News and Portfolio Management Discussion through February 16th

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

Optimism over a US/China trade deal and an agreement to fund the government propelled stocks over the week.  The S&P 500 gained 2.5% and the Dow rose 3.1% for the week.  Internationally, Japan was up 2.8% and Europe climbed 3.0% for the week.  The yield on the 10-year Treasury edged up slightly to finish at 2.66%.

The CPI was flat in January compared to December, but core prices rose 0.2%.

An agreement was reached to fund the government through September and avoid another shutdown.

US retail sales sank 1.2% in December from November, falling well short of expectations and surprised many after relatively positive economic and corporate reporting.

The Fed is nearing a plan that would end the wind down of its $4 trillion Treasury portfolio potentially this year.

Amazon abandoned its plan to have a second headquarters in New York City.

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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