Financial News and Portfolio Management Discussion through November 24th

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

US Stocks sank on the fall of oil prices.  The S&P 500 sank 3.8% and the Dow dropped 4.4% for the week.  Internationally, Japan edged down 0.2% and Europe was off 1.0% for the week. The yield on the 10-year Treasury fell to end the week at 3.05%, its lowest level since mid-September, as inflation concerns eased.  Oil prices fell 7.7% on Friday to end the week at $50.42 a barrel, its lowest level in over a year.  Increasing supply, particularly from the US, is intersecting with weaker global economic growth to drive down prices.

Nissan’s chairmen and auto industry titan, Carlos Ghosn, was arrested in Japan over allegations he under reported his pay.  He has been removed as chairmen due to the allegations.

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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