Despite a mixed bag of economic reports, this week saw the S&P 500 hit a new record closing high. The Conference board reported consumer confidence falling to 78.1, while the S&P/Case-Shiller 20-City home-price index rose 13.4% (slightly below the 13.5% expectations). Bolstering equities on Thursday and Friday, sales of new homes were reported to have risen 9.6%, the highest level since July 2008, and the ISM Chicago-area purchasing managers index for February rose, bucking analyst expectations for a decline. Meanwhile, investors paid close attention to Fed Chairwoman Jan Yellen’s testimony before the Senate [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Meet the force behind the scenes in the $2.4 trillion ETF Market (Bloomberg)
- A closer look at market-cap weighted and equal weight S&P 500 ETFs (Dragonfly Capital)
- The biggest winners on Wall Street: Facebook and Tesla (Wired)
- What it’s like to work at Bill Gross’s Pimco (Quartz)
- Are frontier markets overvalued? (FT.com)
- Agriculture ETF (DBA, A) rises sharply (The Bonddad Blog)
- Sustaining Ukraine’s breakthrough (George Soros)
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Disclosure: No positions at time of writing.