Financial News and Portfolio Management Discussion through April 23rd

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 generally positive earnings reports. The S&P 500 posted a 0.5% gain, while the Dow rose 0.6% for the week. Abroad, Japan surged 4.4% and Europe rose 1.7% for the week. The yield on the 10 year Treasury ended the week at 1.89% rising 0.14% as investors moved away from safe havens.   Oil rose 4.8% over the week to finish at $43.73 a barrel, its 8th weekly rise in 10 weeks, despite OPEC failing to reach an agreement to cut production.  Article

Initial jobless claims fell to the lowest level since 1973.

The ECB left it policies unchanged after its most recent meeting, but left the door open for further interest rate cuts.

Of the companies in the S&P 500 that have reported results to date, 73% have beaten expectations.

 

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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.
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