During the holiday-shortened week, investors witnessed the Nasdaq Composite Index breach 4,000 for the first time in 13 years; meanwhile, the Dow Jones Industrial Average traded above the 16,000 level, a record high logged in the week prior. On the economic front, home building permits rose 6.2% in October, the highest level in five years, while the S&P/Case-Shiller 20 City home-price index rose 13.3% on the year for September. The Conference Board’s consumer-confidence index fell unexpectedly to 70.4 in November from October’s 71.2 reading; analysts were expecting the index to rise to 73.0 [see The Fed Effect: How Monetary Policy Impacts Your ETFs].
Below, we highlight seven insightful articles circulating around the financial space this week:
- How to handle the raging bull market (Financial Post)
- Chart : unemployment rate vs. S&P 500 (Charts etc.)
- The dollar and its rivals (Project Syndicate)
- The U.S. has 43 nuclear power plants’ worth of solar energy in the pipeline (Quartz)
- Tax management – everything you need to know (MSCI)
- How to invest in the EU’s recovering economies (Institutional Investors)
- The dirty secret of Black Friday “discounts” (WSJ)
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Disclosure: No positions at time of writing.