Financial News and Portfolio Management Discussion through September 8th

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

US Stocks fell over the week on renewed talk of raising tariffs and inflation concerns. The S&P 500 fell 1.0% and the Dow eased 0.2% for the week. Internationally, Japan dropped 2.4% and Europe sank 2.2% for the week. Emerging markets fell into bear market territory over the week. The 10-year Treasury yield gained over the week ending at 2.94%. Article

The August jobs report slightly topped expectations with 201,000 jobs added making the monthly average rate for the year 185,000. The unemployment rate remained steady at 3.9%. Wage growth picked up gaining 2.9% from a year earlier. It’s the fastest pace of wage growth since mid-2009.  Article

August auto sales were flat as a result of weak sales from GM.

Manufacturing picked up pace in August and topped expectations.

 

 

 

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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