Weekly Roundup

This week, our PureVest Weekly Roundup looked at the results of the latest Fed meeting, where they kept rates unchanged. They also revised their economic growth expectations for 2023. After 14 straight rate hikes, the Bank of England paused this week in another sign that the global rate hiking cycle is winding down. Yields rose on Thursday to a […]

Our PureVest Weekly Roundup looked at the new products Apple will release next month. UAW members will be striking at all big three automakers simultaneously for the first time. Another good sign for the new bull market is that the IPO market is picking up again after we saw significant valuation cuts to private companies over the

Are You Ready For Some Football? I am… but first, get caught up with the latest PureVest Weekly Roundup.  A record 73 million Americans plan to wager money on the NFL this season, totaling 19% of all Americans. Apple had a rough week as the Chinese government banned government employees from using the iPhone at work. Used car prices

Our PureVest Weekly Roundup looked at the latest jobs report, where the U.S. economy created 187,000 jobs, but the unemployment rate unexpectedly jumped to an 18-month high. Both Salesforce and Dell were the latest tech companies to jump following better-than-expected earnings reports. It’s only a matter of time until the SEC approves Bitcoin ETFs from the largest

Our PureVest Weekly Roundup looked at the highly anticipated comments from Jerome Powell’s keynote speech at the annual Jackosn Hole summit. AI chip leader Nvidia blew out their earnings estimates and raised their guidance. Nike fell for a record 10th straight day after Foot Locker reported dismal earnings. As mortgage rates continue to climb, some trends have

Our PureVest Weekly Roundup looked at the latest quarterly earnings and outlooks for Walmart & Target. Walmart had a solid report, generating over 50% of its revenues from groceries. Economists lifted their U.S. GDP forecasts by more than triple. Treasury yields rose to a 14-month high, and mortgage rates are closing in on a 21-year high; Is

Our PureVest Weekly Roundup was created with a simple goal in mind… To keep you informed and up to date… Quickly! It’s been a light week for critical news, but something always catches our eye and piques our interest. This week, we looked at the latest inflation report for July. Joe Biden signed a long-awaited executive order designed