Our PureVest Weekly Roundup looked at the historical data behind the Santa Claus Rally, which kicks off today. This 7-day stretch has produced positive returns for stocks 79.5% of the time, with an average return of 1.4%. Gas prices continue to fall on the heels of increased global oil production. Turmoil in the Red Sea will be something markets will keep a close eye on as it impacts billions of dollars of shipping cargo. This week’s inflation readings came in line, further backing up the Fed’s “pivot” from last week. Carnival cruise lines reported strong earnings and forecasted a solid 2024. RMDs must be taken by December 31st to avoid unnecessary penalties; we included our blog post on this topic again, which covers what you need to know. Most of all… We wish everyone a Merry Christmas. Enjoy the long weekend with your families.
Markets & Economy:
Santa Claus Rally: What It Is and Means for Investors
source:www.investopedia.com
Gas prices have fallen 19% since September
source:www.cnbc.com
Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis
source:www.cnbc.com
Fed’s Preferred Inflation Gauges Cool, Reinforcing Rate-Cut Tilt
source:www.fa-mag.com
Nike shares sink after announcing $2bn cost savings plan amid softer demand
source:www.ft.com
RMD’s… What You Need To Know
source:www.PureVest.net
Carnival Stock Gains as Company Posts Record Revenue, Cheery 2024 Outlook
source:www.investopedia.com
Merry Christmas from PureVest!