Financial News and Portfolio Management Discussion through December 30th

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

US Stocks edged down over the final trading week of the year. The S&P 500 fell 0.4% and the Dow ticked down 0.1%. International stocks edged down as well with Europe declining 0.3% and Japan fell 0.6%. The yield on the 10 year Treasury finished at 2.40% down from 2.48% from the previous week. Oil prices ended the year at their highest level since June 2015 at $60.42 a barrel. Oil inventories have correspondingly fallen to their lowest levels since October 2015.  Article

Holiday shopping from Nov 1st through Christmas Eve rose 4.9% this year well outpacing expectations. It was the best sales pace since 2011.

Initial jobless claims held near record lows.

 

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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

 

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