Our PureVest Weekly Roundup looked at the latest GDP report, which showed a 2.4% pace in the second quarter, topping expectations. The Federal Reserve hiked rates by 25 basis points on Wednesday in perhaps their last hike of the cycle. Their economists are also no longer expecting a U.S. recession in 2023. If you want the details of what has been driving the Dow’s historic win streak, we added articles on all the significant earning reports from this past week. If you have ever wondered why “ACTIVE” fund managers consistently fail to outperform their benchmarks, read the article below on Active funds. It outlines a significant pitfall in their approach, which we have conveyed to all of our clients time and time again. Enjoy the light reading, and have a great weekend.
Markets & Economy:
GDP grew at a 2.4% pace in the second quarter, topping expectations
source:www.cnbc.com
Fed approves hike that takes interest rates to highest level in more than 22 years
source:www.cnbc.com
Alphabet profit beats expectations
source:www.reuters.com
Meta stock gains after earnings, guidance from Facebook parent top expectations
source:www.yahoofinance.com
Microsoft Revenue Up 8% to $56.2 Billion in Latest Quarter
source:www.nytimes.com
Boeing, Stock Of The Day, Soars On Earnings As Dow Extends Win Streak
source:www.investors.com
Coca-Cola raises full-year outlook as earnings beat estimates
source:www.cnbc.com
Active Mutual Funds Forced Into Permanent Underweight On Big Tech Stocks
source:www.fa-mag.com
Education:
Active vs. Passive Investing: What’s the Difference?
source:www.investopedia.com
PureVest Report:
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