Financial News and Portfolio Management Discussion through February 19th

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

U.S. stocks declined over the week as high inflation, rising bond yields and geopolitical uncertainty pushed equities lower. The S&P 500 fell 1.5% and the Dow was down 1.8%. Foreign markets were also negative with the FTSE All World Ex US down 1.5% for the week. The 10-year Treasury yield was relatively flat ending the week at 1.93%.

Russia continues its massive military buildup, moving some of its most powerful weapons and best-trained troops around Ukraine.

The U.S. and its allies said they would respond “swiftly and decisively” to any further Russian aggression against Ukraine.

Fed officials discussed an accelerated timetable for raising interest rates, but pushed back against the possibility they would begin with a half-percent increase in March.

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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