Financial News and Portfolio Management Discussion through October 28th

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 at record highs driven by strong economic readings and corporate earnings. The S&P 500 gained 0.2% and the Dow was up 0.5% for the week. Internationally, Japan surged 2.6% and Europe rose 0.8% for the week. Japan’s Nikkei Index posted a record 15 straight days of gains and is now at its highest level since 1996. The yield on the 10 year Treasury reached 2.43%. Up over the week and the highest level since March. Oil rose 4.5% over the last week to finish at %53.90 a barrel.  Article

Japan’s Prime Minister Shinzo Abe won reelection with a strong majority, driven by his handling of the economy.

The ECB announced it would continue buying bonds through September 2018, but will reduce the amount from 60 billion euros a month after December to 30 billion euros as it moves to curtail its easy money policies. ECB President Mario Draghi indicated bond buying would probably be extended again, beyond September 2018, a surprise, and that rate rises remained well off.  Article

The US economy grew at 3% in the third quarter despite two major hurricanes. It marks the best six month stretch of growth in three years. The gain was driven by higher consumer and business spending and topped expectations.  Article

Over half of the companies in the S&P 500 have reported earnings for the third quarter and over 75% have beaten analysts’ expectations.

CVS Health and Aetna are close to a $66 billion merger.



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


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.
Bookmark this page