Global Stocks, Bank of England, and Government Shutdown Information

Financial News and Portfolio Management Discussion through February 10th

Global stocks saw volatility return in a big way with huge day to day market swings.  Global markets ended down significantly over the week.  The S&P 500 and Dow both plunged 5.2% for the worst week in over two years.  Internationally, Japan plummeted 8.1% and Europe sank 5.0% for the week.  The yield on the 10 year Treasury eased slightly ending the week at 2.83%.  Oil fell 9.5% to $59.20 a barrel for its worst week in over two years.

The Bank of England said it expects to raise interest rates at a faster pace than it did just a few months ago given the pace of growth.

Congressional leaders were able to strike a 2 year spending deal averting another government shutdown.

Reposted from the Raffa Wealth Management Blog.

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

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