Financial News and Portfolio Management Discussion through April 10th

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

US stock ended the week at fresh records on optimism over the economic rebound.  The S&P 500 rose 2.7% and the Dow climbed 2.0% for the week.  Abroad, the FTSE All World Ex US gained 1.0% for the week.  The yield on the 10-year Treasury yield edged down over the week to finish at 1.66%.

The ISM service sector index continued to growth and topped expectations in March.

The IMF increased its global growth outlook for this year to 6% based on government stimulus.

Meeting minutes from the Fed’s March meeting show the group continues to remain dedicated to supporting the economy and not concerned with the potential for inflation.

Initial jobless claims rose to 744,000 last week, though downward trend of the monthly moving average has continued.

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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