Financial News for the Week Ending May 18th

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

US stocks had another record setting week on positive consumer sentiment and other economic readings.  The S&P 500 gained 2.1% and the Dow rose 1.6% for the week.  Japan saw stocks advance to a 52 week high gaining 3.6% and Europe rose 1.2%.  On the positive upswing for stocks the 10 year US Treasury yield rose to 1.95% and gold sank to $1,364.90 an ounce.  Article

IPOs are on pace to raise the most money since the financial crisis.  So far in 2013, 64 companies have raised $16.8 billion in initial public offerings.

Retails sales rose 0.1% in April as declines in food and gas prices allowed consumers to spend more elsewhere.

Japan’s GDP grew 3.5% to start the year outpacing expectations, an early sign that Japan’s stimulus measures are having an effect on the economy.  The mark was up from the 1% growth seen in the 4th quarter.  Article

The euro zone has now entered its worst slump since the end of World War II as first quarter GDP was -0.9%, the sixth straight quarter of contraction for the country bloc.  The readings raise more questions about fiscal austerity and their remains a stark contrast between the slightly positive growth of the northern countries and the near depression conditions of the southern countries.  Article

The CPI-U for April fell 0.4% driven by falling food and energy prices for the second straight monthly drop.  The annual inflation rate is now at 1.7% excluding food and energy prices, well below the Fed’s target rate.  Article


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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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