Financial News for the Week Ending January 18th

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

US Stocks were relatively flat over the week on mixed earnings news.  The S&P 500 was down 0.2% and the Dow rose 0.1%.  Internationally, Europe was up 1.8%, while Japan was down 1.7%.  The 10 year Treasury note finished the week yielding 2.829%, down from a week earlier.   Article

Retail sales beat expectations rising 0.2% in December and up 0.7% excluding cars showing the economy was on firmer footing to end 2013.   Article

Japanese based Suntory Holding agreed to purchase Beam Inc., maker of Jim Beam and other spirits, for $13.6 billion making the combined firm the 3rd largest in terms of world liquor sales.

JP Morgan, Citigroup, Intel and Shell all announced weaker earnings than expected or issued profit warnings, while Wells Fargo, Bank of America, Blackrock, and Morgan Stanley all outpaced analyst estimates.   Article

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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

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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