Our PureVest Weekly Roundup looked at the continued strength of the labor market; May’s job numbers were much better than expected. The U.S. will avoid its first-ever default as the House and Senate voted to pass the latest bill. We added a good article that summarizes the markets’ main storylines and also looked at what the first 100 trading days of 2023 are telling us historically. Technology stocks continued to lead the market as record in-flows into tech-focused funds happened this week. Mortgage rates climbed to nearly 7% as the spring buying season is full-swing. Enjoy the light reading, and have a great weekend.
Markets & Economy:
Senate passes bill to raise debt ceiling, preventing first-ever U.S. default
source:www.cnbc.com
Payrolls rose 339,000 in May, much better than expected in resilient labor market
source:www.cnbc.com
Looking Back at the Markets in May and Ahead to June 2023
source:www.advisorperspectives.com
BofA Says AI Frenzy Drives Record Inflows Into Tech
source:www.fa-mag.com
OPEC+ prepares for weekend meeting after Saudi warns speculators to ‘watch out’
source:www.cnbc.com
Mortgage rates bump up as Fed holds grip on economic policy
source:www.foxbusiness.com
The First 100 Days Point To A Bull Market
source:www.seekingalpha.com
Education:
Artificial Intelligence (AI): What It Is and How It Is Used
source:www.investopedia.com