Financial News and Portfolio Management Discussion through November 29th

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

US stocks gained over the holiday shortened week, hitting new record highs, over optimism on consumer spending into the holiday season.  The S&P 500 rose 0.2% while the Dow edged up 0.1%.  Internationally, both Japan and Europe gained 0.6%.  Oil prices continued their precipitous fall as OPEC announced it would not cut production.  Oil finished the week at its lowest level in 5 years at $66.15 a barrel. The 10 year Treasury yield sank to 2.17% as investors were concerned over global growth.  Article

In the first revision of 3Q GDP the number was revised up to 3.9% from 3.5% when economist had expected a revision downward.  The US grew at its fastest pace in more than a decade in the spring and summer quarters.  Article

Europe posted its lowest level of inflation in five years and Japan posted its weakest pace this year adding to concerns about deflation and growth.

 

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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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