Weekly Roundup

Our PureVest Weekly Roundup looked at a recap of Jerome Powell’s’ speech from earlier this week. With mortgage rates falling for five straight weeks, it’s no surprise that refinances jumped 18%. The buzz word of the week has been “ChatGPT”; we included an article on everything you need to know about the AI chatbot. Disney laid out […]

Our PureVest Weekly Roundup looked at the employment report for January. The unemployment rate dropped to a 53-year low while job numbers crushed expectations. Earlier in the week, Jerome Powell raised interest rates by another quarter point. This was a big week for earnings, as the major tech companies reported; results were mixed, but the market reacted

Our PureVest Weekly Roundup looked at the fourth quarter GDP, which came in better than expected. The Federal Reserve’s key inflation indicator eased in December. What is the “January Barometer,” and what is it predicting for 2023? Earnings season continued to heat up as Intel disappointed; American Express raised their guidance for 2023. Big oil companies are reporting

Our PureVest Weekly Roundup looked at the impact China’s economic reopening can have as they officially dropped their zero COVID policy. Netflix reported better than expected earnings as subscriber numbers came in strong; long-time CEO Reed Hastings steps down. The jobs market showed continued strength as jobless claims fell to the lowest since September. Oil posted gains

Our PureVest Weekly Roundup looked at the latest reading on Inflation. As interest rates declined, mortgage refinance demand increased. After a rough year for stocks, Apple’s CEO Tim Cook agreed to a 40% pay cut. American Airlines raised its outlook after a busy holiday season. Goldman’s wealth CIO gave reasons why stocks could rally in the face

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