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Weekly Roundup 12/20/24

Our PureVest Weekly Roundup looked at the Federal Reserve’s rate cut from Wednesday and their comments from the meeting.  Powell reiterated that rate cuts will be gradual and that we should not be surprised if we see fewer cuts in 2025 than previous expectations.  Our thoughts have been…With a strong economy, do rates need to be cut […]

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Weekly Roundup 12/13/24

Our PureVest Weekly Roundup celebrated the Nasdaq’s first-ever close above 20,000; this comes just 4 years after closing above 10,000 for the first time.  Inflation ticked up in November but came in line with expectations.  Trump reiterated that he does not plan to remove Jerome Powell from his post as Fed chairman; this eliminates some uncertainty surrounding

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Weekly Roundup 12/6/24

Our PureVest Weekly Roundup looked at the latest employment report.  The November report showed employers created 227,000 jobs for the month.  Jerome Powell spoke Wednesday on the economy, saying the U.S. is in “remarkably good shape.”  Shoppers broke records on both Black Friday and Cyber Monday, with sales up over 10% from 2023 levels.  Apple

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Weekly Roundup 11/22/24

Overall, it was a muted week in terms of market-moving news and important announcements.  Stocks continued their post-election rally as the Dow led the way this week.  NVIDIA earnings could have been a market mover, but they had little impact on Indices despite posting another strong quarter.  Walmart had a solid report, while Target missed

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Weekly Roundup 11/8/24

Our PureVest Weekly Roundup looked at the markets’ strong reaction to Donald Trump’s Presidential win.  All major indices rallied to new all-time highs.  History points to the rally continuing through the year’s end; we have the data below.  The Federal Reserve cut interest rates by another quarter point on Thursday.  We also looked at the critical economic

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Weekly Roundup 11/1/24

Our PureVest Weekly Roundup looked at the latest employment announcements.  We saw two very different numbers between the two widely watched reports; this is not abnormal.  Our education section below explains the differences between the  Non-Farm Payrolls and the ADP Private report.  This was a big week for tech earnings; some key trends driving these mega-cap companies

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Weekly Roundup 10/25/24

Our PureVest Weekly Roundup looked at the IRS’s update to tax brackets for 2025.  Every year, they adjust these levels to take into account inflation.  You should know about some changes to 401Ks and IRAs in 2025.  We added an article with five key things to know.  Tesla and GM reported solid earnings this week; both stocks

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