Weekly Roundup

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;

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