Financial News and Portfolio Management Discussion through February 26th

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

U.S. stocks were mixed over the week as geopolitical uncertainty continued to weigh on the markets. The S&P 500 gained 0.8% and the Dow was down 0.1%. Foreign markets declined with the FTSE All World Ex US down 3% for the week. The 10-year Treasury yield ticked higher ending the week at 1.97% up from 1.93% the week prior.

Russia invaded Ukraine and in response the U.S. and its allies’ implemented sanctions that limited Russian banking institutions and halted the Nord Stream 2 natural-gas pipeline.

Oil surged above $100 a barrel for the first time since 2014 on worries of supply chain disruptions caused by the conflict in Ukraine.

U.S. consumer spending rose, on a seasonally adjusted basis, by 2.1% in January up from a 0.8% decline in December.

The PCE inflation rate, the rate the Fed uses to gauge inflation, rose to 5.2% in January up from 4.9% in December.

U.S home prices surged 18.8% in 2021, as low mortgage rates created fierce competition for a limited supply of homes for sale.

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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