Financial News and Portfolio Management Discussion through July 22nd

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

US stocks reached new record highs during the week on strong corporate earnings. The S&P 500 rose 0.5%, but the Dow eased 0.3% for the week. Internationally, Europe sank 1.7% and Japan ticked down 0.1% for the week. The yield on the 10 year Treasury fell to 2.23% posting its largest two week decline since March.  Article

Japan’s central bank pushed back its estimate on when it will reach 2% inflation and kept its current policy on hold.

The ECB delayed discussion on whether it should wind down its bod buying program over weakening global inflation.

Firms posting strong earnings include Netflix, United, Johnson and Johnson, UnitedHealth, American Express and Microsoft. All six of the biggest US banks topped expectations.



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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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