If last week was about the debt ceiling drama, this week is about the stock slide. While the Dow was able to climb .54%, both the S&P 500 and Nasdaq finished down for the day. The S&P 500 is now down 12% from its April 29 closing high. The Nasdaq has fallen 8.13% to a level not seen since November 2010. The Dow Jones fell over 5% for the week to a level not seen since October 2008. In other words, it’s hectic. Why not take your mind off things with some interesting weekend reads?
- BNY Mellon Deposit Fee: Life in the Liquidity Trap (Market Watch)
- US Government bracing for debt downgrade (Business Insider)
- Think 1938, not 2008? (Reformed Broker)
- Infographic Guide to the Debt Deal (Ritholtz)
- Making Sense of Thursday’s Violent Market Selloff (CNBC )
- ETF Overkill (Abnormal Returns)
And because we could all use a laugh…
- Yet another rap- Keynes v. Hayek (Youtube)
