Financial News and Portfolio Management Discussion through November 26th
Stocks posted their third straight week of gains and ended the holiday shortened week at new all time highs on optimism over possible tax cuts, reduced regulations and fiscal stimulus. The S&P 500 gained 1.4% and the Dow rose1.5 % for the week. The Russell 2000 small cap index has posted 15 straight days of gains and posted a record high as well. Internationally, Japan jumped 2.2 % and Europe was up 0.9% for the week. The yield on the 10 year Treasury reached its highest level since July 2015 finishing the week at 2.36% as investors’ expectations for inflation have accelerated.
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