Financial News and Portfolio Management Discussion through November 25th

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

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

US Stocks closed the week at new all time highs driven by continued strong corporate earnings and global growth. The S&P 500 rose 0.9%, closing above 2,600 for the first time, and the Dow climbed 0.9% for the week as well. Internationally, Japan and Europe gained 0.7% for the week. The yield on the 10 year Treasury ended the week slightly lower at 2.34%. Oil reached its highest close since June 2015 at $58.95 a barrel on lower stockpiles and expected production cuts.  Article

Minutes from the Fed’s end of October meeting showed they remained on pace for a December rate increase and more rate increases in 2018.

The Justice Dept. sued to block the AT&T Time Warner merger.

HP CEO Meg Whitman announced she would step down early in 2018.

Companies are on pace to spend the least amount on buybacks since 2012.

Loan growth at US banks it hits lowest level since 2013 marking the sixth straight quarter of decline.

 

 

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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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