Wall Street turned its attention to the Federal Reserve once again this week, as Chairwoman Janet Yellen testified on the Semiannual Monetary Policy Report before the House and Senate. After Yellen stated that she expects a great deal of continuity in the Fed’s approach to monetary policy, the Dow snapped its four-day losing streak, rallying 193 points. Stocks continued to push higher on Thursday, despite another weak round of U.S. economic reports: Retail sales fell more than expected in January and initial jobless claims came in at 339,000 versus the expected 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:
- Can you imagine a world without dividends? (Dividend.com)
- The Sochi Effect (The New Yorker)
- Wealthy investors have one gigantic advantage over the little guy (Business Insider)
- Technical Talk: gold ready to break resistance? (Andrew Thrasher)
- What cars and stocks have in common these days (Michael Lombardi)
- The global economy without steroids (Project Syndicate)
- 1929 Crash: charts that mislead investors (Horan Capital Advisors)
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Disclosure: No positions at time of writing.