Financial News and Portfolio Management Discussion through April 9th

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

U.S. stocks ended the week lower, with the S&P 500 down 1.3% and the Dow down 0.8% for the week. Foreign markets also declined, as the FTSE All World Ex US fell 1.4% for the week. Supply chain constraints from the war in Ukraine and the shutdowns in China helped push domestic and foreign stocks lower. US crude ended the week at $98.26 per barrel, down from $99.27 the week prior.

Fed officials said they are strongly committed to taking steps that will lower inflation this year. They signaled they could raise rates by a half percentage point at their next meeting and begin reducing their asset portfolio as part of an effort to curb price pressures.

The yield on the 10-year Treasury note hit a three-year high before ending the week at 2.70%.

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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