Financial News and Portfolio Management Discussion through September 24th

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

US Stocks rose to post their best week in over two months on the Fed declining to raise the Fed Funds Rate. The S&P 500 rose 1.2% while the Dow gained 0.8% for the week.  Abroad, Europe jumped 2.2% and Japan was up 1.4% for the week.  The yield on the 10 year Treasury fell to 1.62% for its biggest weekly decline since July.  Article

The Fed elected to hold interest rates steady after their most recent meeting, but said the case to raise the Fed Funds rate had strengthened and are likely to raise the rate this year. They also reduced their expectations for future growth and Fed rate increases.  They now expect one increase in 2016 two in 2017 and three each in 2018 and 2019.  Article

The Bank of Japan announced it would target a 10 year interest rate of 0%, a first for a central bank.

 

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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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