Weekly Roundup

Our PureVest Weekly Roundup looked at billionaire investor David Tepper’s comments on the Fed. He believes they will continue lowering rates to maintain credibility.  A potential port strike can happen as soon as Tuesday if a deal si not reached.  A port strike will impact supply chains and shipping, driving higher prices for end consumers.  China announced […]

Our PureVest Weekly Roundup looked at the market performance as it capped off its best week in 2024.  The Nasdaq surged 5.9%, while the Dow rose 4%.  All eyes will be on the upcoming 2-day Fed meeting, which kicks off on Tuesday. Social Security COLA in 2025 could be just 2.5% as inflation has steadily declined.  Oracle is

Our PureVest Weekly Roundup looked at August’s jobs report.  Mortgage refinance demand is up 94% as rates continue to tick lower.  Chip giant Broadcom said they expect $12 billion in AI-related sales this year.  Kamala Harris unveiled her “tax plan” this week.  Traders at Citigroup are betting on as many as three half-point rate cuts this year;

Our PureVest Weekly Roundup looked at Jerome Powell’s closely followed remarks from Jackson Hole.  His comment, “The time has come for policy to adjust,” stood out.  The Federal Reserve’s next 2-day meeting starts September 18.  Non-farm payrolls got the most significant downward revision this week since 2009.  Once a year, the Bureau of Labor Statistics makes

Our PureVest Weekly Roundup focuses on the consumer this week—a jump in retail sales, the lowest inflation readings in 3 years, and solid earnings from Walmart.  Fears of a slowing economy were silenced this week… at least for now, following these announcements.  Starbucks announced that Chipotle’s CEO is taking over as new CEO to try and

Our first PureVest On-Demand Webinar will bring you up to speed and prepare you for the second half of 2024. Be sure to take some time to watch it below.  Markets had a wild ride this week, opening up down nearly 6% on Monday morning.  If you were on vacation, you wouldn’t have missed much, as

Our PureVest Weekly Roundup reviewed a recap of this week’s Fed meeting.  Powell held rates steady but set the stage for a possible September cut; interest rates fell to a nine-month low.  Mortgage rates are now well below 7%.  Big tech earnings were in focus this week.  We looked at what some of the biggest companies had to say;