Though the Dow Jones Industrial Average pierced the 16000 mark earlier this week, investors turned their attention to the Fed once again as the latest FOMC minutes were released. In the minutes, policy makers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months.” In other economic news, existing home sales declined 3.2%, falling more than the expected 2.6%, and the Philadelphia Federal Reserve’s manufacturing activity index for November tumbled to 6.5 from October’s 19.8 recording [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Reasons to be bullish (Humble Student of the Markets)
- Goldman Sach’s 10 big market themes for 2014 (Business Insider)
- The future of the ETF industry (The Street)
- 5 years of QE and the distributional effects (Sober Look)
- The blessing of a declining stock price (Institutional Investor)
- All about bitcoin (Coin Desk)
- Why guru ETFs beat human gurus (Reuters)
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Disclosure: No positions at time of writing.