Our PureVest Weekly Roundup looked at October’s latest inflation report, which was the best reading since January. Following that CPI announcement on Thursday, markets had the largest one-day rally in over two years, with the Nasdaq popping over 7%. The midterm elections are now in the rear view mirror, and we looked at what stocks have done historically following a midterm election. Cryptocurrency had its worst week in history as a major player in the industry declared bankruptcy. The Biden administration announced they would halt accepting student loan forgiveness applications as a Texas judge shot down the program. We also included our latest PureVest Blog Post, which explained what a ROTH Conversion is, and why it might benefit you. Enjoy the light reading, and have a great weekend!
Markets & Economy:
Dow pops 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report
source:www.cnbc.com
Here’s the inflation breakdown for October 2022 — in one chart
source:www.cnbc.com
How midterm elections affect the stock market
source:www.usbank.com
Crypto peaked a year ago — investors have lost more than $2 trillion since
source:www.cnbc.com
Meta Lays Off More Than 11,000 Employees
source: www.mytimes.com
Biden administration stops accepting student loan forgiveness applications
source:www.thehill.com
PureVest Blog Post: “ROTH Conversions Explained….”
Education:
Net Worth: What It Is and How to Calculate It
source: www.investopedia.com
source: www.kiplinger.com
We wanted to give a special THANK YOU to all of the VETERAN’S. We are forever grateful and remember your selfless service not only today; but every single day. Thank you!