Financial News for the Week Ending February 22nd

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

US stocks posted a slight loss for the week as investors debated the degree to which weather has suppressed US economic growth.  The S&P 500 fell 0.1% and the Dow dropped 0.3%.  Internationally, Europe rose 0.8% driven by a truce in Ukraine and Japan was up 3.9% as incentives were increased for bank lending.  The 10 year Treasury yield eased over the week to finish at 2.73%.   Article

A preliminary reading of Chinese manufacturing activity in February fell to its lowest level in 7 months reigniting fears of more slowing growth from China.

New housing starts sank 16% and home sales fell 5.1%.

In the minutes released from the Fed’s January meeting some board members argued for raising interest rates sooner than previously stated. 

The CPI rose 1.6% in January for its highest yearly gain in 6 months.  

Facebook announced it is purchasing WhatsApp, a messaging company, for $19 billion in cash and stock.   Article

Coca-Cola posted weak revenue in its quarterly results, while Tesla and HP posted better than expected results.

About

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.
Bookmark this page