Financial News and Portfolio Management Discussion through February 10th

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

Global stocks saw volatility return in a big way with huge day to day market swings.  Global markets ended down significantly over the week.  The S&P 500 and Dow both plunged 5.2% for the worst week in over two years.  Internationally, Japan plummeted 8.1% and Europe sank 5.0% for the week.  The yield on the 10 year Treasury eased slightly ending the week at 2.83%.  Oil fell 9.5% to $59.20 a barrel for its worst week in over two years.  Article

The Bank of England said it expects to raise interest rates at a faster pace than it did just a few months ago given the pace of growth. 

Congressional leaders were able to strike a 2 year spending deal averting another government shutdown. 

 

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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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