Financial News and Portfolio Management Discussion through February 4th

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

US Stocks were relatively flat for the week after seeing significant volatility driven by policy changes from the Whitehouse. The S&P 500 edged up 0.1%, while the Dow ticked down 0.1% for the week.  Abroad, Europe fell 0.6% and Japan sank 2.8% for the week.  The yield on the 10 year Treasury was roughly flat ending the week at 2.49%.   Article

The Fed elected to keep rates unchanged after their most recent meeting and said it remained on track to raise them over the course of the year, but did not provide any additional clues about timing.  Article

In January employers added 227,000 jobs, the best month since September, but the unemployment rate rose to 4.8% as more people joined the workforce as past months were revised down. Wage growth disappointed as they grew 2.5% over the past year compared to 2.9% in December.  Article

The Fed’s preferred measure of inflation ticked up 0.2% in December and rose 1.6% for the full year, its largest increase in over 2 years.

After a strong fourth quarter Eurozone GDP rose 1.7% in 2016 slightly topping US growth of 1.6%. The jobless rate also fell to a seven year low.

Inflation is on the rise across the globe. The Eurozone saw prices rise 1.8% in January from a year earlier, Japan’s inflation expectations have risen from 0.45% to 0.61% and the US is at the fastest inflation pace in over two years.

The Case Shiller home price index rose 5.6% for the year ending in November.

President Trump signed an executive order that could undo much of the Dodd Frank financial law and sought to rollback the DOL fiduciary rule.

Apple, Facebook blew past estimates, while Exxon, Deutsche Bank and Amazon disappointed investors with their earnings releases.

 

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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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