U.S. equities were once again in the red for the majority of the week, as investors weighed the prospect of the Fed tapering its bond-buying program. In economic news, U.S. initial jobless claims rose by 68,000 to 368,000 in the latest week; analysts had expected the figure to come in at 328,000. Meanwhile, investors focused on speeches by Federal Reserve bank presidents James Bullard and Richard Fisher, which indicated that the central bank may be ready to scale back its bond-buying purchases as early as this month. On Wednesday, the Dow and S&P 500 logged in their biggest one-day drop in a month after Congress announced it reached a budget agreement [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- The 10 worst economic predictions ever (Zero Hedge)
- Now is the time to buy municipal bonds (Institutional Investor)
- The Fed balance sheet – what is Uncle Sam’s largest asset? (dshort)
- A Q&A with Warren Buffett (Dr. David Kass)
- Explaining the Volcker Rule (Deal Book)
- Investment Fads and Themes, 1996-2013 (The Reformed Broker)
- A look at the performance of stocks vs. bonds (Bespoke)
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Disclosure: No positions at time of writing.