Financial News and Portfolio Management Discussion through December 13th

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

Global stocks sank as oil’s decline in price brought about new doubts of the strength of global growth.  The S&P 500 plunged 3.5% while the Dow plummeted 3.8%.  Internationally, Japan was off 3.1% and Europe sunk 5.8%.  The yield on the 10 year Treasury bond sank to 2.10% as investors sought safe havens.  Oil finished the week at $57.81 a barrel its lowest level in over 5 years.  Article

November retail sales were aided by the pull back in oil prices as retail sales rose 0.7% in November.  Article

China’s central bank announced it is adding $65 billion to the banking system in hopes of stimulating growth.

The International Energy Agency cut its forecast for oil demand for the fifth time in six months suggesting the world economy would struggle in the coming year.

McDonalds had the largest drop in sales in 14 years in November falling 4.6%.

 

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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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