Financial News and Portfolio Management Discussion through January 2nd

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

US stocks sank in the last week of the year on concerns about global growth and weak energy prices. The S&P 500 dropped 0.8% and the Dow fell 0.7% for the week. For the year, US stocks were mostly flat with the S&P 500 up 1.4% and the Dow edging up 0.2%.  Internationally, Europe was off 0.1% and Japan was up 1.4% for the week. In 2015, Europe gained 6.8% and Japan rose 9.3%. The 10 Year Treasury yield finished the year at 2.27% after starting the year at 2.17%. Oil fell over the week ending at $37.04 a barrel and is down 30.5% for the year.  Article

 

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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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