Our PureVest Weekly Roundup looked at the latest employment report, where U.S. employers added 187,000 jobs. The unemployment rate ticked lower to 3.5%. For the second time in history, the U.S. credit rating was downgraded when Fitch lowered its rating… What does this mean? Apple and Amazon reported earnings on Thursday evening. Apple’s standout announcement came from […]
Weekly Roundup 8/4/23 Read More »
Our PureVest Weekly Roundup looked at the latest GDP report, which showed a 2.4% pace in the second quarter, topping expectations. The Federal Reserve hiked rates by 25 basis points on Wednesday in perhaps their last hike of the cycle. Their economists are also no longer expecting a U.S. recession in 2023. If you want the details
Weekly Roundup 7/28/23 Read More »
Our PureVest Weekly Roundup looked at the Dow’s longest winning streak in over five years. 74% of S & P 500 companies that have reported earnings so far have beat their estimates fueling the Dow’s 9-day move. Retail sales rose for a third straight month. Despite reporting a lot of positives, Tesla & NetFlix both sold off on
Weekly Roundup 7/21/23 Read More »
Our PureVest Weekly Roundup is full of good news this week as markets continue their bull run. This morning, JPMorgan, Wells Fargo, and Citi posted better-than-expected earnings. Bob Iger will be staying at Disney for another three years as he continues to try and turn the company around. In another sign of economic strength, Delta reported record
Weekly Roundup 7/14/23 Read More »
Our PureVest Weekly Roundup looked at what history says about stock returns for the rest of the year following a solid first half of gains. First quarter GDP was revised higher to 2%, defying the continued recession calls. Apple became the first company to top a value of 3 trillion dollars; they were the first to top
Weekly Roundup 6/30/23 Read More »
Our PureVest Weekly Roundup looked at the rise in “REAL” hourly wages, which signaled an uptick in Americans’ purchasing power for the first time in over two years. New Jersey’s latest effort to stop retirees from fleeing to lower-tax states will be a 50% reduction in their property tax bill; details are in the article below. The
Weekly Roundup 6/23/23 Read More »
Our PureVest Weekly Roundup looked at the announcement from the Federal Reserve to halt their interest rate hiking cycle, which began 15 months ago. Inflation rose at its slowest pace in 2 years as Oil prices remained low. The Nasdaq’s excellent 2023 continued this week as Microsoft hit a new record high. We also looked at an
Weekly Roundup 6/16/23 Read More »
