Financial News and Portfolio Management Discussion through November 30th

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 optimism on the direction of US/China trade talks, hitting new record highs.  The S&P 500 rose 1.0% and Dow gained 0.8% for the week.  Abroad, the FTSE All-World Ex-US was up 0.2% for the week.  The 10-year Treasury yield was flat over the week finishing at 1.78%.

China’s Commerce Ministry issued a statement saying the US and China “reached a consensus on properly solving related issues,” upbeat language that progress was being made in trade talks.

Third-quarter US GDP was revised up to 2.1% from 1.9%.

October US durable goods orders rose more than expected.

Consumer spending rose 0.3% in the US in October from September.

A measure of Chinese factory activity unexpectedly expanded in November after six months of contraction.

LVMH is acquiring Tiffany & Co. for $16 billion.

Schwab has agreed to buy TD Ameritrade for $26 billion.

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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