Financial News and Portfolio Management Discussion through September 9th

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

US stocks eased over the week on concerns over Hurricane Irma and North Korea tensions. The S&P 500 declined 0.6% and the Dow fell 0.9%, for the week. Abroad, Europe eased 0.2% and Japan sank 2.1%, for the week. Investors flocked to safe havens over the week with the 10 year Treasury ending the week at 2.06% its lowest level since November.  Article

President Trump and Democrats came to an agreement on Hurricane Harvey aid and to suspend borrowing limits for three months. The deal averts a potential government default that would have occurred without an agreement at the end of the month.   Article

The ECB will likely announce plans to begin to reduce their bond buying program at their meeting next month. They also upgraded their growth forecast for the region.

Lily plans to cut 8% of its workforce.



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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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