Financial News and Portfolio Management Discussion through February 18th

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

US stocks continued their run of new record highs ending the week at an all time high on strong economic growth and corporate earnings. The S&P 500 rose 1.5% and the Dow gained 1.7% for the week.  Internationally, Japan dropped 0.7%, while Europe was up 0.8% for the week.  The yield on the 10 year Treasury was relatively flat for the week finishing at 2.43%.  Article

In testimony on Capitol Hill Fed Chief Yellen stated an interest rate increase could come as soon as the Fed’s March meeting if economic news remains solid.

Retail sales rose a better than expected 0.4% in January from December and are up 5.6% over the past year.

US factory output increased 0.2% in January.

Inflation reached its highest annual pace in almost five years with the consumer price index rising 0.6% from December and up 2.5% over the past twelve months.

US new housing starts dropped 2.6% on a decline in multifamily construction.

UK retail sales fell for a third straight month, falling 0.3% in January as inflation has started to deter shoppers.

Verizon appears back on track to purchase Yahoo agreeing to reduce its purchase price by $300M after hacking revelations at Yahoo.



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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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