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Wall Street was in for yet another round of lackluster trading and mixed earnings and economic reports this week, while investors braced themselves for Federal Reserve’s policy-setting committee statement on Wednesday. In economic news, pending home sales declined 0.4% in June, while the S&P/Case-Shiller 20-City home-price index rose 12.2% in May on the year versus the 12.4% uptick analysts were expecting. The Conference Board reported its consumer-confidence index falling to 80.3 in July, slightly below analyst expectations of 81.5. Meanwhile, U.S. GDP came in above expectations, rising 1.7% in the second quarter, though the overall pace of growth remained lackluster . 

Below, we highlight seven insightful articles circulating around the financial space this week:

  1. Is the market headed for a correction? Not quite yet, but soon (Pretzel Logic’s Market Charts and Analysis)
  2. 12 must read quotes from Gerald Loeb (StockTwits 50)
  3. Russian potash firm breaks up one of the world’s largest marketing cartels (
  4. Is now the time to buy municipal bonds? (Financial Sense)
  5. Europe’s economy is still worse off than it was in 2009 (Quartz)
  6. A closer look at PE ratios around the globe (Musings on Markets)
  7. Commodities are breaking down (TheArmoTrader)
Follow me on Twitter @DPylypczak.

Disclosure: No positions at time of writing.

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