Weekly Roundup

Our PureVest Weekly Roundup looked at the December jobs report, which was stronger than initially forecasted. The newly passed Secure act 2.0 allows tax-free rollovers from a 529 plan to a ROTH IRA; and changed the rules regarding required withdrawals from retirement accounts. Costco reported strong sales numbers in December. Tesla cut prices in China on two […]

On the last trading day of the year, our PureVest Weekly Roundup looked at the only significant piece of news this week: the passing of the Secure Act 2.0. The bill from congress will benefit those saving for retirement. Then we looked at how the market typically performs after a down year, a recap of the markets

Our PureVest Weekly Roundup looked at the third quarter GDP numbers, which were revised higher to 3.2%. This week, Congress passed a giant spending bill that included several changes designed to benefit people saving for retirement. In another blow to traditional cable television, the NFL signed a 7-year deal with YouTube for their Sunday Ticket package. Nike’s

Our PureVest Weekly Roundup looked at the latest inflation numbers, which showed that it continued to moderate in November. On Wednesday, Jerome Powell and the Federal Reserve hiked interest rates by a half-point. They signaled that more hikes are on the way, but the end of the rate hiking cycle may be near. The European Central Bank

Our PureVest Weekly Roundup looked at how more and more chip manufacturing is moving from Asia to the U.S. Taiwan semi-conductor announced they are tripling their investment in Arizona to manufacture chips. After home improvement company Lowe’s beat earnings two weeks ago, they announced a new $15 billion stock buyback program this week. Gas prices at the

This week, our PureVest Weekly Roundup focused on some major macroeconomic news.  An explanation of exactly what macroeconomic news is can be found in the Education section below.  In a speech on Wednesday, Jerome Powell acknowledged that the aggressive rate hikes from this year take time to work through the system; he also signaled that the Fed may

Our PureVest Weekly Roundup took a look at the state of the U.S. consumer. Retail Sales were the strongest in 10 months; Walmart, Lowes, and Home Depot had solid earnings reports, while Target disappointed investors. Home Sales struggled as mortgage rates continued to price buyers out of the market. At their investor day, General Motors had a