Financial News and Portfolio Management Discussion through March 26th

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

U.S. stocks rebounded for a second consecutive week, with the S&P 500 up 1.8% and the Dow gaining 2% for the week. Foreign markets were also positive, with the FTSE All World Ex US up 0.4% for the week. The 10-year Treasury yield jumped to 2.49% from 2.15% the week prior. US crude ended the week at $113.90 per barrel up from $104.70 the week prior.

Chairman Powell indicated the Fed would raise interest rates in half percentage points steps if they concluded it was necessary to bring down inflation.

The US will increase shipments of liquified natural gas to Europe this year to phase out Europe’s reliance on Russian energy.

After suffering heavy losses in their attempt to take over Kiev, Russian forces refocused their mission in Ukraine to the country’s Easter territories.

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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