Financial News and Portfolio Management Discussion through January 15th

US stocks fell for a second week on weak economic news and a poor start to earnings season. The S&P 500 dipped 0.3% and the Dow fell 0.9% for the week. Abroad, the FTSE All World Ex US gained 1.1% for the week. The yield on the 10-year Treasury yield was relatively flat over the week edging up to 1.77%.

Analysts project that 4th quarter earnings rose 22% from a year earlier.

US inflation rose at its quickest pace in nearly 40 years with prices rising 7% in 2021.

Producer prices cooled a bit to end 2021 as December prices rose 0.2% from November, the slowest growth since November 2020. However, prices are up 9.7% from a year ago.

Retail spending fell 1.9% in December.

Manufacturing output fell 0.3% in December.

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 herein 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. Source: FMG Suite, LLC.
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