U.S. equities were in the red this week as upbeat economic data had investors weighing the possibility of the Fed scaling back its stimulus program in the near future. On the labor front, 215,000 private sector jobs were added last month, up from 130,000 in October and above the expected 178,000. The Commerce Department also reported initial jobless claims falling more than expected; in the most recent week, claims fell by 23,000 to a seasonally adjusted 298,000. U.S. GDP was also reported to grow at a 3.6% seasonally adjusted annual rate in the third quarter – an upward revision from the previously recorded 2.8% estimate [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Greg Harmon’s Long Term Views (Dragonfly Capital)
- The most important investor in America (Time Magazine)
- Foreign stocks for the long run (Rick Ferri)
- A closer look at reflation (Market Anthropology)
- The rise of BlackRock: is it too big to fail? (The Economist)
- Latin America in six charts: the recession is coming (Quartz)
- The elephant in the room (Hussman Funds)
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Disclosure: No positions at time of writing.