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Weekly Roundup 9/27/24

Our PureVest Weekly Roundup looked at billionaire investor David Tepper’s comments on the Fed. He believes they will continue lowering rates to maintain credibility.  A potential port strike can happen as soon as Tuesday if a deal si not reached.  A port strike will impact supply chains and shipping, driving higher prices for end consumers.  China announced […]

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Weekly Roundup 9/13/24

Our PureVest Weekly Roundup looked at the market performance as it capped off its best week in 2024.  The Nasdaq surged 5.9%, while the Dow rose 4%.  All eyes will be on the upcoming 2-day Fed meeting, which kicks off on Tuesday. Social Security COLA in 2025 could be just 2.5% as inflation has steadily declined.  Oracle is

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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;

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Weekly Roundup 8/23/24

Our PureVest Weekly Roundup looked at Jerome Powell’s closely followed remarks from Jackson Hole.  His comment, “The time has come for policy to adjust,” stood out.  The Federal Reserve’s next 2-day meeting starts September 18.  Non-farm payrolls got the most significant downward revision this week since 2009.  Once a year, the Bureau of Labor Statistics makes

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Weekly Roundup 8/16/24

Our PureVest Weekly Roundup focuses on the consumer this week—a jump in retail sales, the lowest inflation readings in 3 years, and solid earnings from Walmart.  Fears of a slowing economy were silenced this week… at least for now, following these announcements.  Starbucks announced that Chipotle’s CEO is taking over as new CEO to try and

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