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 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.  Article

Fed minutes from their end of January meeting show the Fed is poised to raise the Fed Funds rate as soon as their March meeting based on an improving economy and the possibility of more spending and less taxation from the new administration. However, investors are still assigning a low probability of an interest rate increase at the meeting.   Article

Home Depot, HP, Tesla and Wal-Mart posted solid earnings reports.

Verizon and Yahoo have agreed to a deal that is $350 million less than the original purchase price.



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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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