Our PureVestWeekly Roundup looked at 2-year bond yields which are now at a 15-year high after the Fed hiked rates this week. Electric vehicles sales are expected to hit an all time high in 2022 as they now account for 13% of vehicle sales globally. Costco reported a new record of $200 billion in revenues for a fiscal year when they reported earnings last night. Costco is helped by their membership renewals which is their biggest profit margin product. We also added an article written by one economist who believes inflation is already headed down. With markets back near 2022 lows we included a blog post we wrote back in May titled “How To Be Proactive In A Down Market”. With all the fixed income talk lately our education article of the week explains what you need to know about bond prices and yields. Enjoy the light reading, and have a great weekend!
Markets & Economy:
2-year Treasury tops 4.2%, a 15-year high as Fed continues to jolt short-term rates higher
source:www.cnbc.com
EV sales to hit all-time high in 2022, IEA says, but more work needed to put world on net-zero path
source:www.cnbc.com
Costco Stock: Costco Tops Earnings, Q4 Sales In Line
source:www.investors.com
The U.S. and its allies are joining forces on chips. That could stop China reaching the next level
source:www.cnbc.com
Why U.S. Inflation Is Headed Down
source: www.fa-mag.com
How To Be Proactive In A Down Market… PureVest Blog 5/24/22
Education:
Understanding Bond Prices and Yields
source: www.investopedia.com
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