Financial News and Portfolio Management Discussion through June 11th

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

Stocks sank to end the week as investors moved to safe haven investments amid concerns of the UK exiting the Eurozone. The S&P 500 was down 0.1% for the week, while the Dow edged up 0.3%.  Internationally, Europe sank 2.5% and Japan edged down 0.3% for the week.  Yields continued to tick higher with the 10 year Treasury yield ending the week at 1.64%, its lowest level in three years.  Yields in other countries hit fresh all time lows as well.  Article

Janet Yellen made comments that effectively moved a rate increase off the table for the June meeting and made it unlikely for their July meeting.

Labor productivity fell at a 0.6% annual rate in the first quarter.



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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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