Retail Stores Optimistic for Holiday Shopping Season

Financial News and Portfolio Management Discussion through November 14th

The surprise outcome of the US Presidential election sent shockwaves through markets as investors tried to decipher what the result will mean for various asset classes. The Dow reached a record high and had its best week since 2011 rising 5.4%.  The S&P 500 rose 3.8% for the week.  Internationally, developed markets reacted positively with Japan rising 2.80% and Europe gaining 2.6% for the week. Emerging markets struggled falling 3.84%.  The yield on the 10 year Treasury shot up to 2.12%, a level last seen in January as investors’ inflation expectations increased.

Retail stores offered optimistic forecasts for the holiday shopping season.

Reposted from the Raffa Wealth Management Blog.

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

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