Financial News and Portfolio Management Discussion through September 17th

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

US stocks gained over the week as investors reassessed the potential for a Fed rate hike in September. The S&P 500 rose 0.5% and the Dow gained 0.1%.  The NASDAQ jumped 2.3% driven by technology and biotech companies.  Internationally, Europe fell 2.2% and Japan dropped 2.6% for the week.  Oil dropped to its lowest level in a month at $43.08 a barrel, down 6.2% for the week.  The yield on the 10 year Treasury ticked up over the week to 1.70%.   Article

Recent comments and interviews from Fed officials make it appear that an increase in the Federal Funds rate is not likely until late in the year.

Retail sales fell in August for the first time since March. Article

The CPI rose 0.2% in August with core prices gaining 0.3%. Over the past year prices are up 1.1% with core prices up 2.3%.

Fertilizer firms Potash and Agrium agreed to a merger forming a $27 billion company.

Bayer agreed to buy Monsanto for $57 billion creating a farm giant.



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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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