Financial News and Portfolio Management Discussion through April 22nd

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

US stocks tread water over the week on generally positive economic and corporate earnings news.  The S&P 500 edged down 0.1% and the Dow rose 0.6% for the week.  Internationally, Japan climbed 1.5% and Europe rose 0.8% for the week. The yield on the 10-year Treasury was flat ending the week at 2.56%.

US manufacturing output was flat in March.

China’s first quarter GDP growth was steady at 6.4%, topping expectations.

US retail sales rose 1.6% in March topping expectations for the largest monthly gain since 2017.

Of the S&P 500 companies to report results to date, 77% have beaten analysts’ expectations.

There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated.
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