Wall Street was in for yet another volatile week as global growth concerns weighed heavily on the markets. On Monday, stocks fell after the January ISM manufacturing PMI came in at 51.3, the lowest figure since May. On the labor front, ADP said that 175,000 private sector jobs were created in January, which was below expectations of 193,000; weekly jobless claims, however, posted a larger-than-expected decline of 20,000 to a seasonally adjusted 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:
- Buffett widens lead in $1M hedge fund bet (Carol Loomis)
- A closer look at SPY‘s recent price action (Greg Harmon)
- The new value proposition in U.S. stocks (Institutional Investor)
- Volatility returns (Horan Capital Advisors)
- Why are market breadth indicators important? (Matthew Kerkhoff)
- Results are in: Twitter’s first earnings report (Quartz)
- Japan, the Nikkei, and the yen (Market Anthropology)
Follow me on Twitter @DPylypczak.
Disclosure: No positions at time of writing.