Financial News and Portfolio Management Discussion through December 10th

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

US Stocks had their best week since the election posting fresh all time highs as the post election rally continued. The S&P 500 gained 3.1% while the Dow rose % for the week.  Internationally, Europe rose 4.7% and Japan was up 1.2% for the week.  The yield on the 10 year Treasury edged up 0.07% ending the week yielding 2.47%; the highest level since September 2014.  Article

At the conclusion of its meeting the ECB announced it would extend its bond buying program from March until the end of next year but surprised markets by cutting back the monthly purchases from $80 billion Euros to $60 billion Euros.  Article

Italy’s Prime Minister announced he would resign as the vote to overhaul the countries government was rejected by voters. The resignation opens up Italy to possibly be led by a populist political party which could impact Italy’s membership in the EU.

 

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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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