Financial News and Portfolio Management Discussion through January 22nd

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

US stocks fell for a third straight week on continued inflation worries as well as Russia’s military buildup near Ukraine. Stocks posted their worst week in over two years. The S&P 500 was down 5.7% and the Dow fell 4.6% for the week. The Nasdaq ended the week down 15% from its all-time high, set in November. Abroad, the FTSE All World Ex US lost 1.87% for the week. The yield on the 10-year Treasury was relatively flat ending the week at 1.76%.

Oil prices reached their highest level since 2014, pushed higher on Middle East tensions.

Home sales surged to a 15-year high in 2021, powered by low borrowing rates and an intense buyer demand.

China grew at a 4% pace in the fourth quarter, it’s worst growth rate since the beginning of the pandemic. For the year, the country saw 8.1% GDP growth.

China cut two key interest rates in response to weakening growth.

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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