It’s been an up and down week on Wall Street, as investors weighed earnings reports against the Federal Reserve’s hints of tapering. On Wednesday, the central bank’s assessment of the U.S. economy was upbeat, leading investors to believe that tapering could begin as soon as December. On the earnings front, Exxon Mobil (XOM) posted better-than-expected Q3 profit and revenue, despite an 18% decline in profits. Meanwhile, ConocoPhillips (COP), Apple (AAPL), and Facebook (FB) also beat analysts’ revenue and earnings estimates [see How To Invest In 2013's Breakthrough Technologies].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Keep economists off the trading desk (Reformed Broker)
- The value returns to value investing (Institutional Investor)
- 7 market lessons “relearned” in 2013 (Ivanhoff Capital)
- Can the Goldilocks sweet spot continue? (Fidelity)
- The big four economic indicators (dshort.com)
- Twitter’s white lie to investors (Quartz)
- Halloween, BoJ Style (Alhambra Investment Partners)
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Disclosure: No positions at time of writing.