A new jobs report dominated financial media coverage today as the Labor Department reported an addition of 203,000 jobs in November, with the unemployment dropping from 7.3% to 7.0%. Stocks responded with a quick jolt. But the bigger pictures has turned to, will this boost in economic data be enough for the Federal Reserve to start tapering? We start off weekend reads with coverage from the Dan Collins Report:
Category: Other Voices
Weekend Reads
As the financial media talking heads focused their efforts on the S&P 500 and the Dow Jones Industrial Average hitting milestone markers, news emerged that could potentially shake the foundation of the alternative investment industry (managed futures included). Investment News reports that SEC Chairwoman Mary Jo White is considering changes to the criteria of what makes an accredited investor. Plus some other weekend reads.
Managed Futures Linkfest
Here’s what’s happening in the world of managed futures this week.
Managed Futures Linkfest
CME is set to raise transaction fees starting in 2014, President Obama nominates Timothy Massad as the new head of the CFTC, and 165 years of American Agricultural Capitalism.
Weekend Reads
The end of the week dominated the news cycle, with Twitter officially going public yesterday and the jobs report today. Meanwhile the possibly largest Typhoon (Hurricane) in history is currently slamming the Philippines and we hope the destruction is minimal. It also leaves us futures folk to wonder how or if it will affect the various amounts of commodity crops grown there.
Managed Futures Linkfest
Bart Chilton is announcing he will step down as Commissioner of the CFTC by the end of 2014, while Gary Gensler will vacate his seat by the end of this year. Here’s what else is happening in the managed futures world.
Weekends Reads
Lots going on in the finance world. Q3 earnings came out, SAC is pleading guilty to security fraud, and the CFTC may have to delay investigations due to budget constraints. Here are our weekend reads:
Weekend Reads
If something is newsworthy, but nobody reports on it or talks about it, is it still “news?” We ask ourselves this question today, as earlier this morning; the CME tweeted about a power surge cutting off phone and internet service on the trading floor. If anyone had any doubts about floor trading versus electronic trading, this shows it’s really no contest these days. Plus, the Sequester is to blame for CFTC Furloughs, and Jon Stewart provides brilliant commentary on JP Morgan.
Weekend Reads
Here’s what happened in the manged futures world, finance world, and the rest of the world this week.