Financial News and Portfolio Management Discussion through January 11th

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

Global stocks gained over the week as tensions in the middle east appeared to ease.  The S&P 500 climbed 0.9%, while the Dow rose 0.7%.  Abroad, the FTSE All-World Ex-US rose 0.5% for the week.  The 10-year Treasury yield rose over the week to end at 1.86% as investors moved away from safe-haven investments.  Oil fell 6.4% over the week to finish at $59.04, after the easing of tensions.

US employers added jobs for a 10th straight year.  December payrolls increased 145,000, slightly below estimates, but the unemployment rate remained at 3.5%.  Wages gained only 2.9% from a year earlier their lowest annual gain since July 2018.

 

 

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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