Financial News and Portfolio Management Discussion through November 11th

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

US stocks had their first down week since September as tax reform came into question. The S&P 500 edged down 0.2% and the Dow fell 0.5% for the week.  Internationally, Japan rose 0.6% and Europe sank 1.9% for the week. The yield on the 10 year Treasury rose over the week to finish at 2.40%.  Article

Chip maker Broadcom made an unsolicited bid for Qualcomm for $105 billion.

US regulators said AT&T needs to sell either CNN or DirecTV if it wants to complete its deal with Time Warner.

Macy’s, Kohl’s and Nordstrom posted mixed results.



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


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