Financial News and Portfolio Management Discussion through October 26th

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

Solid earnings results and optimism over US-China trade talks drove stocks near all-time highs.  The S&P 500 rose 1.2% and the Dow gained 0.7% for the week.  Abroad, the FTSE All-World Ex-US climbed 1.2% for the week. The 10-year Treasury yield rose on the positive corporate news to finish the week at 1.81%.

With roughly a third of S&P 500 companies reporting earnings, 81% have topped expectations, but the index is still on pace to see a decline of 4.1% from the prior year.

The European Central Bank didn’t make any policy changes at its October meeting.  Business activity was close to stagnation in the eurozone and contracted in Japan.

Consumer sentiment showed American’s feelings about the economy worsened slightly at the end of October.

 

 

 

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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