Weekly Roundup 8/19/22

In this week’s installment of our PureVest Weekly Roundup, we looked at the July reading on retail sales which showed a resilient consumer.  The recap of the Federal Reserves’ July meeting was released on Wednesday and showed that they lowered the odds of a large rate hike in September.  Home sales fell 6% in July, but the average sale price remained near a record.  We followed up with 2 opinionated articles… A former Goldman Sachs chairman laid out the reasons that the recession fears may be overblown; and a strategist from LPL lays out the case that the new bull market has started.  We finished with some info on the increase in Social Security benefits that nearly 70 million Americans will  be getting. Enjoy the light reading and have a great weekend! 

Markets & Economy:

U.S. retail sales flat on gasoline price drop; consumer spending resilient
source:www.yahoo.com

Federal Reserve Meeting Minutes Trim Big Rate-Hike Odds
source:www.investor.com

Home sales fell nearly 6% in July

source:www.cnbc.com

GM to reinstate quarterly dividend and increase share buyback program to $5 billion
source:www.cnbc.com

Holes In The Recession Story
source: www.fa-mag.com

Start Of A New Bull Market?

source: www.fa-mag.com

Home Depot and Lowe’s cite strong demand in earnings reports, but softening could be ahead

source: www.cnbc.com 

Education: 

What Is a Cost-of-Living Adjustment (COLA)?

source: www.investopedia.com

How much will the COLA amount be for 2022 and when will I receive it?
source: www.ssa.gov

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