Financial News and Portfolio Management Discussion through December 26th

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

Stocks posted their best week in over a month driven by a rebound in the energy sector. The S&P 500 gained 2.8% and the Dow rose 2.6% for the week. Internationally, Europe increased 1.4%, while Japan declined 1.2% for the week. Oil bounced back rising 5.7% for the week to finish at $38.10 a barrel. The yield on the 10 year Treasury bond rose to 2.25%.  Article

The Bank of Japan announced additional measures to support their monetary easing program.

Third quarter US GDP growth was revised down to 2.0% from 2.1%. The growth was driven by a 3% increase in consumer spending.

Existing home sales dipped 10.5% driven by limited inventory and delays in closings driven by new regulations. The results were vastly below expectations.

Retail spending rose 0.3% in November over October while durable goods orders were flat.




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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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