Global Stocks and Inflation

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.   stock

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.

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