Financial News and Portfolio Management Discussion through February 25th

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

US stocks rose for the ninth straight week driven by a more accommodating Fed, easing US China trade tensions and better than feared corporate earnings.  The S&P 500 and Dow gained 0.6% for the week.  Internationally, Europe was up 0.6% and Japan surged 2.5% for the week.  The yield on the 10-year Treasury was unchanged over the week ending at 2.66%.

Trump announced that the deadline to impose tariffs of Chinese goods has been extended given progress in negotiations between the countries.

The Fed minutes showed most officials were ready to end the reduction of its $4 trillion bond portfolio this year.  They also debated whether they should hold tight at the current Fed Funds rate, or consider another increase this year.

Existing home sales fell 1.2% in January from December.  The third consecutive month of declining sales.

US business investment fell for a fourth time in five months at the end of 2018.

Eurozone manufacturing had its first downturn since 2013.

With 90% of S&P 500 companies reporting, earnings are up 13% from a year earlier.

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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