Weekly Roundup

Our PureVest Weekly Roundup looked at a recap of 2023 and some key storylines the markets will be watching in 2024. The stock market has not declined in a presidential re-election year since 1952, with an average return of 12.5%. We added an article reviewing those numbers and more stats regarding markets and elections. The unemployment rate was 3.7% in […]

Our PureVest Weekly Roundup looked at the historical data behind the Santa Claus Rally, which kicks off today. This 7-day stretch has produced positive returns for stocks 79.5% of the time, with an average return of 1.4%. Gas prices continue to fall on the heels of increased global oil production. Turmoil in the Red Sea will be something markets will keep

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