Financial News and Portfolio Management Discussion through January 2nd

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

US stocks sank in the last week of the year on concerns about global growth and weak energy prices. The S&P 500 dropped 0.8% and the Dow fell 0.7% for the week. For the year, US stocks were mostly flat with the S&P 500 up 1.4% and the Dow edging up 0.2%.  Internationally, Europe was off 0.1% and Japan was up 1.4% for the week. In 2015, Europe gained 6.8% and Japan rose 9.3%. The 10 Year Treasury yield finished the year at 2.27% after starting the year at 2.17%. Oil fell over the week ending at $37.04 a barrel and is down 30.5% for the year.  Article

 

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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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