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 rose over the week on positive earnings reports. The S&P 500 gained 0.9% and the Dow rose 0.5% for the week.  Abroad, Europe eased 0.6% ahead of the French election and Japan had its best week since February jumping 1.6% for the week.  The yield on the 10 year Treasury bond ended the week at 2.23% and in line with the previous week.  Oil fell below $50 a barrel dropping 7.4% over the week.  Article

China posted a higher than expected 6.9% GDP growth rate in the first quarter, the fastest rate of growth since the third quarter of 2015. The pace is well ahead of its 6.5% annual growth target.

UK Prime Minister Theresa May called for early elections in June in order to strengthen her position in the country’s upcoming negotiations to leave the EU.

Netflix, United, VW, BofA, Morgan Stanley, Honeywell, American Express and Blackrock posted positive earnings reports, while IBM, Goldman Sachs, Qualcomm, Verizon and GE disappointed.

 

About

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

 

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.
Bookmark this page