Financial News and Portfolio Management Discussion through November 13th

US stocks posted their first weekly decline since early October on stubbornly high inflation readings. The S&P 500 fell 0.3% and the Dow was dropped 0.6% for the week. Abroad, the FTSE All World Ex US rose 0.3% for the week. The yield on the 10-year Treasury climbed over the week to finish at 1.58% up from 1.45%.

US CPI rose 0.9% in October from September and is now up 6.2% over the past twelve months, its highest level since 1990.

Of companies that have reported earnings to date 81% have topped analysts’ earnings estimates.

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 herein 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. Source: FMG Suite, LLC.
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