U.S. equities slipped into red territory for most of the week, with the exception of Wednesday when the Dow Jones Industrial average posted another record on growing hopes of continued easy-money policies from the Fed. On Thursday, Twitter made its debut on the New York Stock Exchange, opening at $45.10, 73% above its IPO price of $26. In economic news, factory orders declined 0.1%, while ISM non-manufacturing PMI rose to 55.4 from 54.4 in October. U.S. GDP for the third quarter was reported to grow 2.8%, up from 2.5% in the previous quarter and well above the expectation of 2% [see Which ETFs Will Own Twitter (TWTR)].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Investment opportunity “Made in the USA” (BlackRock)
- A closer look at the “Great” sector rotation (All Star Charts)
- The more interesting question is not so much whether or not to own stocks, but which stocks to own (The Brooklyn Investor)
- The single biggest determinant of startup valuations at IPO (Tomasz Tunguz)
- The ECB’s tough balancing act – bubbles vs deflation (Global Money Trends)
- Analysts beware! A machine has its eye on your job (Institutional Investor)
- The incredible untold story about how the financial world almost ended (CFA Institute)
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Disclosure: No positions at time of writing.