Financial News and Portfolio Management Discussion through February 17th
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%.
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.
Producer prices rose 0.4% in January and are up 2.7% from a year earlier.
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.
Image courtesy of nytimes.com