Financial News and Portfolio Management Discussion through October 19th

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

Stocks gained over the week on solid quarterly earnings.  The S&P 500 rose 0.6%, while the Dow ticked down -0.1% for the week.  Abroad, the FTSE All-World Ex-US climbed 1.2% for the week. The 10-year Treasury yield finished the week at 1.75%, flat for the week.

With about 10% of S&P 500 companies reporting earnings, the numbers to date have topped expectations.

US Retail sales fell 0.3% in September for the first monthly decline since February.

Negotiators from the UK and EU were able to reach a deal on the UK’s exit from the country bloc.  However, its uncertain if the agreement will pass Parliament.

US Industrial production fell 0.4% in September.

China’s third-quarter GDP growth slowed to 6%, a 26 year low.  It’s at the low level of the range targeted by the Chinese government.

 

 

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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