Weekly Roundup

This week could end up being pivotal for markets. Headlines about the Federal Reserve, Inflation, and Interest Rates have dominated the news for the past 18 months. Many believe the narrative around these topics shifted this week. The inflation numbers for October came in better than expected as CPI hit a two-year low. This follows last week’s announcement where the […]

Our PureVest Weekly Roundup reviewed the headlines that caught our eye this past week.  President Biden and China’s Xi are expected to meet in person next week.  After 18 months of hiking rates, central banks from around  the world are expected to halt their tightening cycles; is a rate cut next?  Mortgage rates dropped the most since November 2022 but

Our PureVest Weekly Roundup reviewed the significant announcements from the past week, which included several market-moving headlines. Markets are on a 5-day winning streak, while Treasury yields have declined. The Federal Reserve opted to keep interest rates unchanged and has upgraded its outlook on economic growth. The U.S. economy added 150,000 jobs in October. Apple reported a robust earnings report, although

Our PureVest Weekly Roundup reviewed the latest GDP report, which indicated that the economy grew at a rate of 4.9% for the third quarter. After three weeks of failed votes, the Republicans announced that Mike Johnson would be the new House Speaker. Although the market reaction was mixed, big tech companies reported solid earnings earlier this week. New home sales

Our PureVest Weekly Roundup looked at the latest consumer inflation readings that ticked up in September. Geopolitics remain in focus heading into the weekend after the horrible events of last Saturday. Oil prices rallied after the U.S. sanctioned more Russian oil exports. JP Morgan and Citi topped earnings estimates on Friday. Netflix is the first of the mega-cap tech

The rise in interest rates dominated the headlines this week. Despite rates rocketing higher, the S&P 500 and Nasdaq are poised to close up for the week. This follows today’s non-farm payroll report that blew away expectations. The U.S. economy created 336,000 jobs in September. Our PureVest Weekly Roundup also looked at a preview of the upcoming Q3 earnings season.

Our PureVest Weekly Roundup looked at the latest inflation readings from August. Core inflation, which strips out food and energy, rose less than expected. A potential government shutdown is less than 48 hours away as congress continues fighting over spending. Following a down third quarter, will stocks rise in the fourth quarter? History suggests they will rally between 5-7%… although