Financial News and Portfolio Management Discussion through March 2nd

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

US stocks edged up over the week on economic news and optimism over the US/China trade agreement. The S&P 500 rose 0.4% and the Dow was flat for the week. Abroad, Japan and Europe gained 0.8% for the week. The 10-year Treasury yield finished the week at 2.76% its highest level in over five weeks.

The US economy grew 2.6% in the fourth quarter, better than expected and was up 3.1% over 2018.

Home prices grew at the slowest pace in four years in 2018. New housing starts slowed as well.

In testimony before congress Fed chief Powell reiterated plans for the central bank to take a slow and steady approach.

The manufacturing Purchasing Managers Index declined in February from January and was below expectations.

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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