Financial News and Portfolio Management Discussion through September 14th

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

US stocks posted a third straight week of gains on reduced fears over U.S./China trade.  The S&P 500 was up 1.0% and the Dow gained 1.6% for the week.  Abroad, Japan surged 3.7% and Europe rose 1.2% for the week.  The 10-year Treasury yields continued to rise as investors grew less pessimistic about US growth prospects. The yield finished the week at 1.90%, up from 1.55% at the end of the previous week, the largest one-week yield gain in over 6 years.

The ECB cut its benchmark interest rate by 0.1% to -0.5% and launched a new bond-buying package of $22 billion a month of eurozone debt that is expected to “run for as long as necessary.”  It’s the largest simulative move the central bank has made in three and a half years.

Trump announced the US would delay by two weeks tariffs set to begin 10/1 on $250 billion of Chinese imports.

China will exempt certain agricultural products from tariffs.

 

 

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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