Financial News and Portfolio Management Discussion through January 1st

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

US stocks edged higher as fears from Omicron abated. The S&P 500 was up 0.9% and the Dow gained 1.1% for the week. Abroad, the FTSE All World Ex US rose 0.4% for the week. The yield on the 10-year Treasury was flat for the week ending the year at 1.50%, however it rose significantly from the 0.93% where it started the year.

US retail sales rose 8.5% between Nov 1st and Christmas eve compared to last year, the best growth in 17 years.

1Q growth forecasts have been lowered due to the Omicron variant.

Jobless claims came in near a five decade low once again.

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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