Though Wall Street got off to a relatively sour start this week, markets got back on track as investors digested a slew of upbeat economic data. On the housing front, the S&P Case-Shiller 20-City home price index and new home sales both beat analysts’ expectations. The Conference Board’s Consumer Confidence Index also topped forecasts, coming in at the highest level in five years. Meanwhile, investors’ fears concerning a market correction and global monetary policy changes eased [see Single Country ETFs: Everything Investors Need To Know].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Could China derail the U.S. economy? Quite possibly (The Fiscal Times)
- No need to fear, a stock market correction is actually good for you (Real Clear Markets)
- Lower precious metals prices may be telling us something very positive (The Gold And Oil Guy)
- Defensive sectors are on the rise, while risk-on sectors lag (Charts etc.)
- When an asset is down 80% , is it time to buy? Mebane thinks so (Mebane Faber)
- Apparently spam is a better inflation hedge than gold. (The Goldwatcher)
- A closer look at housing data shows several red flags (The Guardian)
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Disclosure: No positions at time of writing.
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