U.S. equities were in for another up-and-down week as mixed economic reports weighed heavily on the markets. U.S. residential construction slid 16% in January, while building permits declined 5.4%. The Philadelphia Federal Reserve index of manufacturing activity was negative for the first time in nine months; the Fed cited severe winter weather as the primary reason behind the weakness. The Conference Board’s Leading Economic Index for January rose 0.3%, below expectations of a 0.4% rise. Lastly, jobless claims fell in line with forecasts [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- A biotech bubble? Maybe not (IBB) (Cam Hui)
- The case for silver (Market Anthropology)
- Investors losing interest in REITs and MLPs (Quartz)
- Emerging markets: why Wall Street is split (Mohamed A. El-Erian)
- Charts explain why companies are spending billions on messaging apps (Business Insider)
- The one investment allocation everyone should avoid (Servo)
- How to buy the internet (Vitaliy Katsenelson)
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Disclosure: No positions at time of writing.