Financial News and Portfolio Management Discussion through December 6th

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

US Stocks ended the week at another record high on the strong jobs report.  The S&P 500 rose 0.4% and the Dow gained 0.7% for the week.  Internationally, Japan jumped 2.6% and Europe was up 1.1%.  The 10 year Treasury yield rose to 2.31% on the positive economic news and the increased likelihood for the Fed raising interest rates earlier in 2015.  Article

US hiring accelerated in November as 321,000 jobs were added.  Also an additional 44,000 jobs were added in September and October.  The year is on pace for the best job growth since 1999.  The unemployment rate remained at 5.8%.  Article

Japan’s credit rating was cut by Moody’s as the credit rating agency said there was no certainty over whether the country could pay down its deficit after a tax increase were delayed.  The rating was lowered to A1 from Aa3.

Manufacturing readings in Germany, France and Italy showed contraction in November.  Article

US manufacturing is still strongly in growth territory, however the reading edged down slightly from October.

US auto sales posted another strong month reaching 17.1 million vehicles annualized pace; the highest rate since 2003.

The ECB discussed taking more drastic measures in its most recent meeting, but elected to defer any action until early in 2015.



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

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.
Bookmark this page