Financial News and Portfolio Management Discussion through February 11th

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

US stocks hit new record highs on solid corporate earnings and expectations on tax reductions. The S&P 500 rose 0.8% and the Dow rose 1.0% for the week.  Internationally, Japan soared, up 2.5% and Europe rose 0.9% for the week.  The yield on the 10 year treasury eased to end the week at 2.41%.  Article

With 360 firms in the S&P 500 reporting earnings, companies are on pace to report a 5% growth in profits compared to the 3.2% expected at the end of 2016.

European corporations are on pace to post their first profit since 2012 and their strongest growth in five years.

A judge blocked the merger of insurers Anthem and Cigna likely derailing the deal.

 

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

 

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