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Our PureVest Weekly Roundup looked at the fourth quarter GDP, which came in better than expected. The Federal Reserve’s key inflation indicator eased in December. What is the “January Barometer,” and what is it predicting for 2023? Earnings season continued to heat up as Intel disappointed; American Express raised their guidance for 2023. Big oil companies are reporting […]

Our PureVest Weekly Roundup looked at the impact China’s economic reopening can have as they officially dropped their zero COVID policy. Netflix reported better than expected earnings as subscriber numbers came in strong; long-time CEO Reed Hastings steps down. The jobs market showed continued strength as jobless claims fell to the lowest since September. Oil posted gains

Our PureVest Weekly Roundup looked at the latest reading on Inflation. As interest rates declined, mortgage refinance demand increased. After a rough year for stocks, Apple’s CEO Tim Cook agreed to a 40% pay cut. American Airlines raised its outlook after a busy holiday season. Goldman’s wealth CIO gave reasons why stocks could rally in the face

Our PureVest Weekly Roundup looked at the December jobs report, which was stronger than initially forecasted. The newly passed Secure act 2.0 allows tax-free rollovers from a 529 plan to a ROTH IRA; and changed the rules regarding required withdrawals from retirement accounts. Costco reported strong sales numbers in December. Tesla cut prices in China on two

On the last trading day of the year, our PureVest Weekly Roundup looked at the only significant piece of news this week: the passing of the Secure Act 2.0. The bill from congress will benefit those saving for retirement. Then we looked at how the market typically performs after a down year, a recap of the markets

Our PureVest Weekly Roundup looked at the third quarter GDP numbers, which were revised higher to 3.2%. This week, Congress passed a giant spending bill that included several changes designed to benefit people saving for retirement. In another blow to traditional cable television, the NFL signed a 7-year deal with YouTube for their Sunday Ticket package. Nike’s

Our PureVest Weekly Roundup looked at the latest inflation numbers, which showed that it continued to moderate in November. On Wednesday, Jerome Powell and the Federal Reserve hiked interest rates by a half-point. They signaled that more hikes are on the way, but the end of the rate hiking cycle may be near. The European Central Bank