Financial News for the Week Ending April 26th

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 flat on mixed corporate earnings.  The S&P 500 dropped 0.1% and the Dow fell 0.3%.  Internationally, Europe was up 0.3%, while Japan was down 0.6%.  Gold rebounded over $1,300 an ounce on fears over the Ukraine/Russia situation escalating and the 10 year Treasury yield sank to 2.67% to end the week. Article

ECB business activity expanded at the fastest pace since May of 2011 in April, but prices declined adding to deflation concerns.

New home sales sank 14.5% in March and mortgage demand plummeted in the first quarter hitting a 14 year low as a combination of higher prices and higher interest rates kept buyers and refinancings away.  Article

SunTrust, Boeing, Facebook, Apple and Microsoft all posted 1Q earnings reports that topped expectations.  On the downside GM, Amazon and Ford posted results that missed the mark.

About

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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