Financial News and Portfolio Management Discussion through February 17th

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

Global stocks rebounded strongly shrugging of weakness from earlier in the month.  The S&P 500 and Dow rose 4.3% for the week.  It was the best week for the S&P 500 in over 5 years.  Internationally, Japan gained 1.6% and Europe surged 3.3% for the week.  The yield on the 10 year Treasury rose over the week to finish at 2.88%.  Article

Inflation rose greater than expected in January with the CPI rising 0.3%.  It’s the greatest one month increase since March 2005.  Prices rose 2.1% over the past 12 month topping the 1.9% increase expected.    Article

Producer prices rose 0.4% in January and are up 2.7% from a year earlier. 

 

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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