U.S. equities started off on a sour note last week as investor concern over the Fed’s timeline for tapering weighed heavily on the market. The S&P 500 logged in its longest losing streak of the year, and slid nearly 2% from its record high of 1725.52 seen the week prior. In Washington, tense budget negotiations also added to the woes on Wall Street, as Congress continues to argue over how they will avoid a government shutdown, as funding runs out on September 30, 2013. On the economic front, durable goods orders and new home sales beat analyst expectations, while the U.S. saw initial jobless claims fall 5,000 to a seasonally adjusted 305,000 [see The Best (And Worst) Performing ETFs For Every Quarter].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Is the market headed for a steep correction? (Horan Capital Advisors)
- The internet changes everything – including money (GigaOM)
- Have you reaped the rewards of rebalancing? (Servo Wealth Management)
- Economists say we are in recovery; consumers tell a different tale (Alhambra Investment Partners)
- Investing around Obamacare (The Big Picture)
- The economists who predicted the financial crisis just sounded another alarm (Quarts)
- Why investors hate Apple – and are dead wrong (Institutional Investor)
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Disclosure: No positions at time of writing.