| Our PureVest Weekly Roundup looked at the latest remarks from Fed Chairman Powell. Our view is that he pivoted this week from higher for longer to seriously considering cutting rates sooner rather than later. Monthly inflation numbers were negative month over month for the first time in four years. In a long-awaited announcement, Costco is raising membership fees for the first time in 7 years. This is significant as membership fees account for over 75% of their profits. The major financials kicked off the Q2 earnings season today. We also added an overall preview of Q2 earnings, with estimates for between 8 and 10% growth in bottom line numbers. Enjoy the light reading, and have a great weekend. |
| Markets & Economy: US economy no longer overheated, Fed’s Powell tells Congress source:www.reuters.com The monthly inflation rate dipped in June for the first time in more than four years source:www.cnbc.com Costco hiking membership fees for first time in 7 years source:www.cnbc.com Bank Earnings: JPMorgan, Wells Fargo, Citigroup, and More source:www.barrons.com The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says source:www.cnbc.com Tesla Stock Tumbles On Reported Robotaxi Reveal Delay source:www.investors.com S&P 500 2024 Q2 Earnings Preview: Aggregate Earnings Reaching a New High Watermark? source:www.lipperalpha.com |