U.S. equities drifted lower this week as looming concerns over Fed tapering weighed heavily on the markets. On the economic front, the Labor Department reported a rise in initial jobless claims to a seasonally adjusted 333,000 in the most recent week, coming in slightly better than expected. As the second quarter earnings season draws to a close, only a handful of companies reported results this week; oil giant Marathon Oil (MRO) missed earnings estimates, while Devon Energy (DVN) and Prudential Financial (PRU) beat analysts’ expectations [see 25 Wild ETF Charts From 1H 2013].
Below, we highlight seven insightful articles circulating around the financial space this week:
- How often is there a 10% pullback in a bull market? (Avondale Asset Management)
- What the decline in inventories held by gold ETFs (GLD) mean for investors (Acting Man)
- A closer look at companies decreasing dividends (Political Calculations)
- How to calculate risk in a rising rate environment (Institutional Investor)
- Solar power benefiting from international trade (VOX)
- The best and worst performers this earnings season (Think B.I.G.)
- How the U.S. is beating the global market (Charts etc.)
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Disclosure: No positions at time of writing.