Financial News and Portfolio Management Discussion through September 11th

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

Global stocks fell over economic growth worries brought about by the Delta variant. The S&P 500 dropped 1.7%, while the Dow sank 2.2% for the week. Abroad, the FTSE All World Ex US ticked down 0.4% for the week. The yield on the 10-year Treasury edged up over the week to end at 1.34%.

At the conclusion of its meeting the ECB said it would keep monetary policy loose for some time, but would slightly scale back its bond purchases to reflect improving prospects for the eurozone. Bond purchases would be conducted at a “moderately lower pace” over the next three months.

The Fed’s beige book report showed a softening of economic activity in July through August.

Weekly jobless claims fell to 310,000, a new pandemic era low.

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.
Bookmark this page