Financial News and Portfolio Management Discussion through September 12th

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 best week in nearly six months as expectations for the Fed to raise interest rates at their September meeting declined. The S&P 500 and Dow rose 2.1% for the week. Internationally, Japan was up 2.7% and Europe increased 0.7% for the week. The yield on the 10 year Treasury bond edged up to finish the week 2.18%.  Article

A majority of economists now think the Fed will hold off on raising interest rates at its September meeting.

Brazil’s debt rating was cut to junk status by S&P.

Twelve of the largest banks and two industry groups have reached a preliminary agreement to pay $1.87 billion in fines that they colluded to rig credit derivative markets.

United’s CEO stepped down due to a federal investigation into the firm’s relationship with former chairmen for the NY and NJ Port Authority.

 

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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 www.raffawealth.com

 

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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