Financial News and Portfolio Management Discussion through August 20th

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 over the week as investors considered the potential for a Fed interest rate increase in September. The S&P 500 and Dow ticked down 0.1% for the week.  Internationally, Europe sank 1.7% and Japan fell 2.2%.  Oil has rallied rising 9% over the week on supply cut expectations.  The yield on the 10 year Treasury bond rose to 1.58%.  Article

The minutes released from the Fed’s July meeting showed a variety of opinions, but the desire to have greater consensus from economic factors before raising rates. The possibility of a rate increase in September was a possibility.  Article

With roughly 95% of firms in the S&P 500 reporting earnings, they are on track to contract for the fifth straight quarter falling 3.2%, however this tops the 5.3% decline expected.




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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 herein 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. Source: FMG Suite, LLC.
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