Financial News and Portfolio Management Discussion through February 11th

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

US stocks hit new record highs on solid corporate earnings and expectations on tax reductions. The S&P 500 rose 0.8% and the Dow rose 1.0% for the week.  Internationally, Japan soared, up 2.5% and Europe rose 0.9% for the week.  The yield on the 10 year treasury eased to end the week at 2.41%.  Article

With 360 firms in the S&P 500 reporting earnings, companies are on pace to report a 5% growth in profits compared to the 3.2% expected at the end of 2016.

European corporations are on pace to post their first profit since 2012 and their strongest growth in five years.

A judge blocked the merger of insurers Anthem and Cigna likely derailing the deal.

 

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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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