Financial News and Portfolio Management Discussion through November 10th

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

US stocks gained over the week on a positive reaction to the midterm elections.  The S&P 500 rose 2.1% and the Dow gained 2.8% for the week.  Internationally, Europe gained 0.5% and Japan was flat over the week.   Oil finished the week at $60.09 a barrel, posting 10 straight days of losses.  It’s the longest losing streak since 1984 as supply is at a five-month high.  The yield on the 10-year Treasury edged down over the week to finish at 3.19%.

At the conclusion of the Fed’s meeting they made no changes to the Fed Funds Rate, gave a positive outlook on the economy and strongly hinted at a December rate hike.  They also expect to raise rates between two and four times in 2019.

Analysts are projecting 6% profit growth in the first two quarter of 2019.

 

 

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