Financial News and Portfolio Management Discussion through November 9th

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

US Stocks ended the week at new record highs on an optimistic outlook for the economy.  The S&P 500 rose 0.9% and Dow surged 1.4% for the week.  Abroad, the FTSE All World Ex US climbed 0.8% for the week. The 10-year Treasury yield rose to its highest level since July to finish at 1.93% as investor moved away from safe havens.

The eurozone grew at a 0.8% rate in the third quarter the same pace as the second quarter.

ISM’s nonmanufacturing index had a greater increase than expected by economists showing the service sector is performing well.

Consumer sentiment ticked higher in early November.

Of the 430 S&P 500 companies that have reported earnings to date, close to 75% have beaten analysts’ estimates.

 

 

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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