Happy first day of summer to you all! For those of who don’t know, today is also recognized as summer solstice. That means there will be more sunlight today than any other day in 2013. That’s nearly 15 hours of sunlight. Unfortunately, it hasn’t been the brightest days for stock, commodities, or just about anything else. The Dow Jones had its worse day of the year Thursday, losing almost 2%, and just about every commodity took a beating, the worst was gold. The best that you can do this weekend is to get outside and enjoy the sun if there is any. But if you’re trapped indoors because of rain (like Chicago) here are some weekend reads.
- Speech of Commissioner Bart Chilton, Hedge Fund Industry in 2013, Chicago, Illinois – (CFTC)
- Father of modern 401(k) says it fails many Americans (Marketplace)
- The Bernanke Put: Can The Markets and the Economy Live Without? (The New Yorker)
- Four Charts to Track Timing for QE3 Tapering (Calculated Risk)
- How the Robots Lost: High-Frequency Trading’s Rise and Fall (Bloomberg)
Just for Fun: