Financial News and Portfolio Management Discussion through January 25th

Global stocks fell driven by fears of the coronavirus outbreak and its impact on global growth.  The S&P 500 dropped 1.0% and the Dow fell 1.2% over the week.  Abroad, the FTSE All-World Ex-US declined 1.1% for the week.  The 10-year Treasury yield eased over the week to end at 1.83%.  Oil prices plunged on fears of weaker economic growth dropping 7.5% over the week to finish at $54.19 a barrel.

Existing home sales hit their highest level of 2019 in December.

After their most recent meeting, the ECB said it would keep their benchmark interest rate steady and said there will likely be negative interest rates for some time.

A reading of business activity in the US posted a 10 month high in January.  Japan also saw an uptick, while Europe remained weak as a whole.  However, Germany did show signs of improvement.

70% of the 74 companies that have reported earnings to date have beaten expectations.


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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