Financial News for the Week Ending April 19th

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

US stocks had a bounce back week on strong earnings reports.  The S&P 500 rose 2.7% and the Dow was up 2.4% for the week.  Internationally, Europe gained 1.1% and Japan rebounded 4.0%.  The yield on the 10 year Treasury bond rose over the week ending at 2.72%.  Article

Retail sales rose 1.1% in March for the best increase in a year and a half.  February was revised higher to 0.7%.  Article

China’s 1st quarter GDP of 7.4% came in below the fourth quarter level and below the country’s target growth rate of 7.5%.  However, the growth rate was higher than estimates.  Article

Pending home sales are down 11% from a year ago.

Citigroup, Goldman Sachs, Morgan Stanley, and GE posted earnings reports that topped expectations, while IBM, Google and BofA posted first quarter results that disappointed.

The first quarter had the highest combined values of all corporate transactions since 2007.

 

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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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