Financial News and Portfolio Management Discussion through January 23rd

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

US stocks posted their first positive week for the year on a bounce in oil prices.   The S&P 500 rose 1.4% and the Dow gained 0.7% for the week. Internationally, Europe jumped 2.6%, but Japan fell 1.0% for the week. The 10 year Treasury yield ticked up slightly over the week to finish at 2.07%. Oil, after falling below $27 a barrel, finished the week at $32.19.  Article

China’s growth slowed to its weakest pace in over 25 years growing at a 6.9% rate in 2015 and 4th qtr GDP of 6.8% was below expectations.  Article

In a speech ECB president Draghi said the ECB could be willing to take on additional stimulus measures in March in response to meager growth and low inflation.

Analysts expect corporate profits to fall 4.7% in the fourth quarter which would make it the third consecutive quarter of declining profits, the longest stretch since the financial crisis.

BofA, United and Southwest posted positive earnings reports, while Shell, Goldman, American Express, Union Pacific, and GE posted weak profit reports.



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


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.
Bookmark this page