Financial News and Portfolio Management Discussion through December 12th

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

Global markets sank over the week on declining energy prices concerns over lower rated companies..  The S&P 500 fell 3.8% and the Dow dropped 3.3% for the week.  Internationally, Europe was off 4.0% while Japan was down 1.3% for the week.   Oil prices continue to fall dropping 10.9% for the week to $35.62 barrel. Junk bonds plunged as well dropping 3.9% for the week. The yield on the 10 year Treasury fell over the week as investors sought safe havens dropping to 2.13%.  Article

China’s exports declined 6.8% from a year earlier for the fifth straight month of declines.

China moved the Yuan to its lowest level in over four years trying to balance markets forces with preventing a sharp decline.

US retail sales edged up 0.2% in November after several months of flat spending.

Dow and DuPont officially announced their plans to merge creating a $120 billion chemical giant before splitting into three companies.

JAB holding agreed to buy Keurig Green Mountain for $13.9 billion.

Kinder Morgan announced it was cutting its dividend by 75% and Anglo American said it would cut 85,000 jobs over the next few years as the commodities slump weighs on producers.



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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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