Weekly Roundup

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

Our PureVest Weekly Roundup looked at the latest consumer inflation readings that ticked up in September. Geopolitics remain in focus heading into the weekend after the horrible events of last Saturday. Oil prices rallied after the U.S. sanctioned more Russian oil exports. JP Morgan and Citi topped earnings estimates on Friday. Netflix is the first of the mega-cap tech

The rise in interest rates dominated the headlines this week. Despite rates rocketing higher, the S&P 500 and Nasdaq are poised to close up for the week. This follows today’s non-farm payroll report that blew away expectations. The U.S. economy created 336,000 jobs in September. Our PureVest Weekly Roundup also looked at a preview of the upcoming Q3 earnings season.

Our PureVest Weekly Roundup looked at the latest inflation readings from August. Core inflation, which strips out food and energy, rose less than expected. A potential government shutdown is less than 48 hours away as congress continues fighting over spending. Following a down third quarter, will stocks rise in the fourth quarter? History suggests they will rally between 5-7%… although

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