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Our PureVest Weekly Roundup looked at the latest news from the Federal Reserve’s meeting on Wednesday. They have pivoted from a “Tightening Cycle” to an eventual “Cutting Cycle”; three rate cuts are expected in 2024. Treasury yield fell sharply following the Fed’s announcement; this drove down mortgage rates below 7%. Costco reported strong earnings Thursday night and announced a $15 special dividend. You can […]

Our PureVest Weekly Roundup looked at the latest employment report, which signaled faster-than-expected job growth and lower unemployment rates in November. On Friday, a University of Michigan survey showed a significant expected drop in inflation in 2024. AMD had a big week as they unveiled their latest AI chip, which will challenge NVIDIA, the current leader. RMDs from retirement accounts must

Our PureVest Weekly Roundup looked at the strong rally in November for equities. Markets had their best monthly performance since July 2022 after we saw some real broadening signs for the new bull market. Tesla is starting to make deliveries of their long-awaited cybertruck, and General Motors announced strong guidance for 2024, which includes a 10 billion dollar stock buyback

This week could end up being pivotal for markets. Headlines about the Federal Reserve, Inflation, and Interest Rates have dominated the news for the past 18 months. Many believe the narrative around these topics shifted this week. The inflation numbers for October came in better than expected as CPI hit a two-year low. This follows last week’s announcement where the

Our PureVest Weekly Roundup reviewed the headlines that caught our eye this past week.  President Biden and China’s Xi are expected to meet in person next week.  After 18 months of hiking rates, central banks from around  the world are expected to halt their tightening cycles; is a rate cut next?  Mortgage rates dropped the most since November 2022 but

Our PureVest Weekly Roundup reviewed the significant announcements from the past week, which included several market-moving headlines. Markets are on a 5-day winning streak, while Treasury yields have declined. The Federal Reserve opted to keep interest rates unchanged and has upgraded its outlook on economic growth. The U.S. economy added 150,000 jobs in October. Apple reported a robust earnings report, although

Our PureVest Weekly Roundup reviewed the latest GDP report, which indicated that the economy grew at a rate of 4.9% for the third quarter. After three weeks of failed votes, the Republicans announced that Mike Johnson would be the new House Speaker. Although the market reaction was mixed, big tech companies reported solid earnings earlier this week. New home sales