Weekly Roundup

As always, Our PureVest Weekly Roundup looked at the key headlines of the past week. The big standout was the much better-than-expected second-quarter GDP print, which showed the economy grew at a healthy 2.8% rate. We added a handful of other relevant articles. >>> Most importantly… We are hosting our first-ever LIVE Webinar next Thursday, August 1, @ 11:30 a.m.  This […]

Our PureVest Weekly Roundup looked at the latest comments from Fed Chairman Powell.  Lately, he has shifted his tome from “higher for longer” to “we can’t wait too long to cut.”  Economists are now pricing in the first rate cut in September.  Mortgage rates dropped to a 4-month low and could continue lower if bond yields continue dropping.  Netflix beat

Our PureVest Weekly Roundup looked at the latest remarks from Fed Chairman Powell.  Our view is that he pivoted this week from higher for longer to seriously considering cutting rates sooner rather than later.  Monthly inflation numbers were negative month over month for the first time in four years.  In a long-awaited announcement, Costco is raising membership fees for

Our PureVest Weekly Roundup looked at the latest jobs report from June, which indicated that the U.S. economy had added 206,000 jobs.  The economy exceeded expectations for jobs created, but unemployment rose to a near 3-year high.  Tesla soared this week on second-quarter deliveries, while Ford’s sales rose on the heels of truck sales.  After a quiet

Our PureVest Weekly Roundup reviewed these critical headlines from the past week. We looked at how four vital economic issues were addressed by both candidates in the first presidential debate last night.  Tax cuts, inflation, and jobs were in focus.  Amazon’s stock hit an all-time high Wednesday, surpassing a $2 trillion market cap for the first time.  Oil is

Our PureVest Weekly Roundup reviewed the key takeaways from the Fed’s latest meeting.  Apple’s stock surged to all-time highs on the heels of its AI-related announcements at its annual WWDC conference.  Mortgage rates fell to a 2-month low after this week’s reports on inflation.  Netflix continues to add live sports to its platform, as it will air NFL games on Christmas. 

With earnings season in the rear view, markets turned their attention back to IF and WHEN the Fed cuts interest rates.  Our PureVest Weekly Roundup looked at May’s non-farm payroll numbers, which showed that employers created much better-than-expected 272,000 jobs.  We added a preview of Jerome Powell and the Federal Reserve’s upcoming meeting.  A good article about when mortgage rates can be expected to drop