Weekly Roundup 9/6/24

Our PureVest Weekly Roundup looked at August’s jobs report.  Mortgage refinance demand is up 94% as rates continue to tick lower.  Chip giant Broadcom said they expect $12 billion in AI-related sales this year.  Kamala Harris unveiled her “tax plan” this week.  Traders at Citigroup are betting on as many as three half-point rate cuts this year; this goes to show how much the narrative surrounding interest rates has shifted as of late.  Money continues to flow into money market assets… Will the trend shift when rates are cut?  Oil was down all week, even as Opec delayed planned production hikes.  
Are you ready for some Football?   Check out what your favorite team is worth and preview the upcoming season!  Enjoy the light reading, and have a great weekend!
Markets & Economy:
U.S. payrolls grew by 142,000 in August, unemployment rate ticked down to 4.2%
source:www.cnbc.com
Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again
source:www.cnbc.com
Broadcom says it will sell $12 billion in AI parts and custom chips this year
source:www.cnbc.com
Harris tries tax triangulation to build distance from Biden
source:www.axios.com
Citigroup Inc.’s traders are betting on three half-point interest-rate cuts from the Federal Reserve this year
source:www.fa-mag.com
A $165 Billion Wave Is Pushing Money Fund Assets to New Records
source:www.advisorhub.com
OPEC+ members delay plans to hike production by two months after oil price slump
source:www.cnbc.com
Here are 16 rumored changes coming to the iPhone 16 lineup
source:www.9-5mac.com

Just For Fun CNBC’s Official NFL Team Valuations 2024: Here’s how the 32 franchises stack up
source:www.cnbc.com
2024 NFL season preview: a potential historic three-peat, rookie quarterbacks and first foray into South America
source:www.cnn.com
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