It was a week that started and ended with something unexpected – on Monday, the Pope shocked pretty much everyone by announcing his resignation, and we capped off the week with an asteroid that gave several hundred Russians a very unpleasant end day (and that wasn’t even the only asteroid in our neighborhood today). There was plenty of excitement in the non-financial world, but in the markets? Not so much. The S&P 500 upped its weekly winning streak to 7, gold and silver took a tumble, and despite the excitement over the G7 and Japan’s currency earlier in the week, the Yen ended the week lower as well. There may not be much drama in the markets – Ackman and Icahn’s ongoing grudge match notwithstanding – but there’s still plenty to read as we head into the President’s Day weekend:
- Thinking of betting on the new pope? The odds makers have you covered (Odds Shark)
- Full details on the meteorite that exploded over Russia today (Bloomberg)
- Trash talking traders come back to haunt Barclays (Bloomberg)
- The “Great Rotation” is even getting Bridgewater excited about stocks (Bloomberg)
- Miss the first few rounds of Tesla vs. New York Times? Here’s a catch-up (Washington Post)
- Star Wars Nerds Dissect the Empire’s failure at the Battle of Hoth (Wired)
And just for fun… Michael Jordan’s 50th birthday edition: