Our PureVest Weekly Roundup looked at the latest consumer inflation readings that ticked up in September. Geopolitics remain in focus heading into the weekend after the horrible events of last Saturday. Oil prices rallied after the U.S. sanctioned more Russian oil exports. JP Morgan and Citi topped earnings estimates on Friday. Netflix is the first of the mega-cap tech companies to report next week. In 2024, Social Security recipients will receive a 3.2% COLA increase; this is well below last year’s increase of 8.7% but higher than the long-term average of 2.6%. Microsoft finally closed its $69 Billion acquisition of Activision Blizzard. We looked at the Put-Call ratio in our education section. This sentiment indicator has been reliable in predicting short-term market moves. The NHL season kicked off this week… Get up to speed on the major storylines and expert predictions heading into the season… Let’s Go Rangers!! Enjoy the light reading, and have a great weekend!
Markets & Economy:
Oil Prices Rally As The U.S. Enforces Sanctions On Russian Exports
source:www.oilprice.com
Consumer prices rose 0.4% in September, more than expected
source:www.npr.org
Israel warns civilians in northern Gaza to evacuate from area within 24 hours
source:www.foxnews.com
JPMorgan Chase shares pop after profit exceeds expectations
source:www.cnbc.com
Social Security recipients to receive 3.2% COLA increase in 2024
source:www.foxbusiness.com
What Recession? It’s Looking Increasingly Unlikely
source:www.fa-mag.com
Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review
source:www.cnbc.com
Education:
What Is a Put-Call Ratio?
source:www.investopedia.com
Just For Fun:
NHL season preview: Power Rankings, predictions, X factors
source:www.espn.com
2023-24 NHL preview: So many teams could win the Stanley Cup in era of disorder
source:www.nypost.com