Financial News and Portfolio Management Discussion through December 31st

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 worst week since the election as investors moved away from risky assets to end the year. The S&P 500 declined 1.0% and the Dow fell 0.8% for the week.  Internationally, Japan fell 1.4% and Europe rose 0.4% for the week.  The yield on the 10 year Treasury bond fell 0.15% over the week to end the year at 2.45%.  However, it rose 0.18% from the end of 2015.  Article

Home prices rose 5.6% over the trailing twelve months through October according to the Case Shiller Home price index.

Unemployment claims fell 10,000 to 265,000 last week, a healthy measure.

Toshiba announced that it may need to report billions in losses due to cost overruns and missed deadlines for nuclear reactor projects.

 

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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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