Financial News and Portfolio Management Discussion through February 21st

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

US Stocks closed at a record high to end the week on the news of the Greece bailout extension.  The S&P 500 rose 0.6% and the Dow gained 0.7% for the week.  Internationally, Europe was up 1.4% and Japan jumped 2.3%.  The 10 year Treasury yield rose over the week to finish at 2.14%.  After advancing earlier in the month oil eased to $50.34 a barrel.  Article

Greece’s government was able to reach an agreement with its European creditors to extend its bailout deal for four months. The deal avoids the February 28th deadline where the bailout would have run out.  Article

Minutes from the Fed’s January meeting show the group still plans to be patient with raising interest rates with the majority wanting to act later, but the timing of a rate increase and how to do it were primary topics at the meeting.

 

 

About

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.
Bookmark this page