Our PureVest Weekly Roundup is full of good news this week as markets continue their bull run. This morning, JPMorgan, Wells Fargo, and Citi posted better-than-expected earnings. Bob Iger will be staying at Disney for another three years as he continues to try and turn the company around. In another sign of economic strength, Delta reported record earnings and raised its outlook for 2023. Inflation at the consumer and producer level fell to a near 30-month low as gas and grocery prices backed off. In a victory for big tech, Microsoft won its fight against the FTC and can now close its Activision buyout. The housing market has been relatively unphased despite mortgage rates doubling in the past 18 months.
We wrapped it up with a quick overview of what Overbought and Oversold mean. There are different ways to interpret these readings based on the overall market trend…Ask us how we view them!Enjoy the light reading, and have a great weekend.
Markets & Economy:
JPMorgan Chase beats analysts’ estimates on higher rates
source:www.cnbc.com
Disney CEO Bob Iger opens door to unloading TV assets; his contract was also extened by two years through 2026.
source:www.nbcnews.com
US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
source:www.apnews.com
Delta posts record quarterly earnings, hikes full-year outlook on travel boom
source:www.cnbc.com
Microsoft wins FTC fight to buy Activision Blizzard
source:www.theverge.com
As the Social Security reform debate heats up on Capitol Hill, leaders weigh if raising taxes is the answer
source:www.cnbc.com
U.S. housing market is showing remarkable resilience
source:www.morningtar.com
Education:
What is Overbought?
source:www.investopedia.com
source:www.investopedia.com
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