Financial News and Portfolio Management Discussion through January 14th

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

US Stocks eased over the week as the post election rally has cooled. The S&P 500 edged down 0.1% and the Dow fell 0.4% for the week.  Internationally, Japan dropped 0.9% and Europe ticked up 0.1% for the week.  The yield on the 10 year Treasury bond fell to 2.38%.  Article

The German economy picked up steam at the end of 2016 with GDP rising 1.9% for the full year. It’s the fastest pace since 2011.

Eurozone industrial output rose 1.5% in November from October well outpacing the 0.5% expected.

Sales at US retailers rose 0.6% in December from November.

GM expects to post record earnings in 2016 and believes 2017 will be even better.

VW is expected to pay $4.3 billion and admit to criminal wrong doing to resolve its emissions cheating scandal with the Justice Dept.

Fourth quarter earnings from JP Morgan Chase, Bank of America and Wells Fargo all were strong.

 

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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.
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