Weekly Roundup

Our PureVest Weekly Roundup looked at what drove the S&P 500 to close on Friday at a new all-time high. Lower inflation, expected interest rate cuts, resilient consumer spending, an Apple upgrade, and continued optimism towards AI-related companies are to thank for the market’s continued momentum. 2023 was the worst year for new home sales in nearly 30 years as high-interest rates […]

Our PureVest Weekly Roundup looked at the first round of Q4 earnings reports, which came from the financials. Wholesale inflation numbers unexpectedly fell in December. After years of denying these products, the SEC approved BITCOIN ETF proposals. We mentioned last month that turmoil in the Red Sea was something markets will be watching. Oil prices jumped on Friday after some escalation

Our PureVest Weekly Roundup looked at a recap of 2023 and some key storylines the markets will be watching in 2024. The stock market has not declined in a presidential re-election year since 1952, with an average return of 12.5%. We added an article reviewing those numbers and more stats regarding markets and elections. The unemployment rate was 3.7% in

Our PureVest Weekly Roundup looked at the historical data behind the Santa Claus Rally, which kicks off today. This 7-day stretch has produced positive returns for stocks 79.5% of the time, with an average return of 1.4%. Gas prices continue to fall on the heels of increased global oil production. Turmoil in the Red Sea will be something markets will keep

Our PureVest Weekly Roundup looked at the latest news from the Federal Reserve’s meeting on Wednesday. They have pivoted from a “Tightening Cycle” to an eventual “Cutting Cycle”; three rate cuts are expected in 2024. Treasury yield fell sharply following the Fed’s announcement; this drove down mortgage rates below 7%. Costco reported strong earnings Thursday night and announced a $15 special dividend. You can

Our PureVest Weekly Roundup looked at the latest employment report, which signaled faster-than-expected job growth and lower unemployment rates in November. On Friday, a University of Michigan survey showed a significant expected drop in inflation in 2024. AMD had a big week as they unveiled their latest AI chip, which will challenge NVIDIA, the current leader. RMDs from retirement accounts must

Our PureVest Weekly Roundup looked at the strong rally in November for equities. Markets had their best monthly performance since July 2022 after we saw some real broadening signs for the new bull market. Tesla is starting to make deliveries of their long-awaited cybertruck, and General Motors announced strong guidance for 2024, which includes a 10 billion dollar stock buyback