Thursday's News Links

[Bloomberg] Global Stocks Slide, Treasuries Rise Before Powell: Markets Wrap

[Bloomberg] U.S. Real Disposable Incomes Up Most in Five Years on Tax Cuts

[Bloomberg] Jobless Claims in U.S. Drop to Lowest in Almost Five Decades

[Reuters] Trump says U.S. steel, aluminum sectors 'decimated' by unfair trade

[Bloomberg] Winners and Losers From Trump's Tariffs on Aluminum and Steel

[CNBC] New Fed chief Powell testifies again and could double down on comments that rocked markets

[Bloomberg] Powell Aims for Soft Landing That Eluded Seasoned Fed Chiefs

[CNBC] SEC launches probe into cryptocurrency market: Wall Street Journal, citing sources

[Bloomberg] Tudor Jones Stands With Dalio, Gross in Calling Bond Bear Market

[Bloomberg] Australian Home Prices Fall Again in Further Sign Boom Is Over

[Bloomberg] Noble Group Warns Survival Hangs on Deal After Immense Loss

[Bloomberg] S&P 500 Hits Tech-Heavy Milestone Last Seen With Dot-Com Bubble

[Reuters] Senate passes Taiwan travel bill that has angered China

[Bloomberg] Xi’s Warning to Investors: Any Chinese Billionaire Could Fall

[WSJ] Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts

[WSJ] Why an Unpleasant Inflation Surprise Could Be Coming

[WSJ] SEC Launches Cryptocurrency Probe

[FT] ‘Powell Put’ assumption challenged as Fed chief shows hand

[FT] Powell likely to quicken pace of Fed interest rate rises

[FT] Tudor Jones likens Powell’s job to Custer’s Last Stand

[FT] An abridged, illustrated history of volatility

Wednesday Evening Links

[Bloomberg] Stocks Sink Into Worst Monthly Decline Since 2016: Markets Wrap

[Bloomberg] Trump Says U.S. Will Use All Tools to Pressure China on Trade

[Reuters] Hawk or dove? Fed's Powell showed markets both sides in debut

[Reuters] Surge in imports helps curb U.S. fourth-quarter economic growth

[Bloomberg] Foreign Holdings of U.S. Securities Rise to Record $18 Trillion

[Bloomberg] Short Interest in High-Yield ETFs Hits Record

[Bloomberg] Shale Surge Sent U.S. Oil Production to Record High in November

[Bloomberg] Bill Ackman Gives Up Herbalife Fight, Ending Five-Year Saga

[WSJ] Why Italian Elections Matter: A New Type of Populism Is Rising