U.S. equities started the week on a sour note once again, though they managed to recover slightly on Tuesday and Wednesday following upbeat economic and earnings data. Retail sales for December rose 0.2%, versus the expected 0.1%; excluding auto sales, retail sales rose 0.7%. On the corporate front, JP Morgan, Citigroup, and Wells Fargo reported mixed quarterly results, while Bank of America beat the Street’s estimates. In economic news, initial jobless claims dropped 2,000 to 326,000; analysts were expecting new claims to come in at 331,000 [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- The National AMT-Free Muni Bond ETF (MUB, A+) reached its highest premium since May (Bloomberg)
- The real reason Google paid $3.2 billion for Nest (Time)
- What’s ahead for stocks in 2014? (Charles Schwab)
- Why this earnings season is so critical for stocks (The Fiscal Times)
- The insanely profitable Federal Reserve (Joshua M. Brown)
- How the Taper will affect emerging markets (Institutional Investor)
- Wise words from George Soros (Project Syndicate)
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Disclosure: No positions at time of writing.