Our PureVest Weekly Roundup looked at the latest inflation readings from August. Core inflation, which strips out food and energy, rose less than expected. A potential government shutdown is less than 48 hours away as congress continues fighting over spending. Following a down third quarter, will stocks rise in the fourth quarter? History suggests they will rally between 5-7%… although anything can happen! Both Costco and Nike rose after the two large caps reported earnings. Mortgage rates hit a 23 yr. high this week, approaching 8%. Toys R Us plans to open as many as 24 new retail stores in the U.S. after closing all their locations following their bankruptcy filing in 2017. With so much talk about rates we added a quck overview explaining the “Yield Curve”. Enjoy the light reading, and have a great weekend!
Markets & Economy:
The Fed’s favorite inflation indicator rose less than expected in August
source:www.cnbc.com
What to expect if the government shuts down in 48 hours: Live updates
source:www.nbcnews.com
Why Stocks Should Rally In The Fourth Quarter
source:www.carsongroup.com
Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat
source:www.cnbc.com
Costco Q4 earnings top estimates, sales hold steady amid high gas prices
source:www.yahoofinance.com
Mortgage Rates Officially Hit New Multi-Decade Highs
source:www.mortgagenewsdaily.com
Toys R Us is planning a brick-and-mortar comeback in the U.S.
source:www.cnbc.com
Education:
What Is a Yield Curve?
source:www.investopedia.com