Tuesday, February 23, 2021

Wednesday's News Links

[Yahoo/Bloomberg] U.S. Stocks Slump as Treasury Yields Surge: Markets Wrap

[Reuters] Oil edges higher as surprise U.S. stock build weighs

[Reuters] China's yuan firms on dollar weakness after Powell testimony

[Yahoo/Bloomberg] Powell Goes Easy on Surging Yields While Central Bank Peers Fret

[Yahoo/Bloomberg] Quants Deepen Treasury Selloff That Shows No Sign of Stalling

[CNBC] Weekly mortgage application volume drops 11% as rates spike and Texas power outages hurt demand

[Yahoo/Bloomberg] Texans’ Frozen Pipes Are Warnings of Yet Another Climate Threat

[Reuters] Promise of cheap money keeps stocks buoyant

[Reuters] Ark adds $171 million Tesla shares as short bets on ETF soar

[Yahoo/Bloomberg] U.S. Freeze Chills Asian Plastic Makers as Feedstocks Soar

[Yahoo/Bloomberg] Bond-Market Revolt Endangers India’s Fragile Recovery

[Reuters] Kuroda says BOJ will seek ways to make ETF buying more effective

[Bloomberg] Vaccine Fears Are Crippling China’s Covid Fight

[Bloomberg] Brazil’s Bolsonaro Starts a Populist Death Spiral

[WSJ] Texas Electric Bills Were $28 Billion Higher Under Deregulation

[WSJ] Petrobras Weighs CEO Change as Brazilian President Turns Up Pressure

[FT] Bond investors suffer worst start to year since 2015

[FT] Car chip shortage shines light on fragility of US supply chain

Tuesday Evening Links

[Yahoo/Bloomberg] U.S. Stocks Up on Powell; Asia Set for Mixed Start: Markets Wrap

[Reuters] S&P 500, Dow close higher in late session turnaround

[Reuters] Treasuries - Benchmark yield dips after Fed's Powell says economy still needs support

[Reuters] U.S. consumer confidence improves as COVID-19 cases fall; house prices accelerate

[Reuters] Analysis: Prices lurch higher as Home Depot, other importers battle surging cargo, commodity costs

[CNBC] Covid live updates: Biden ups weekly vaccine shipments; ‘variants of concern’ have U.S. officials on edge

[Yahoo/Bloomberg] Texas Power Grid Chair, Directors Quit in Wake of Blackouts

[Yahoo/Bloomberg] China’s Crackdown on Defaulters Starts to Embolden Creditors

[NYT] Powell Focuses on Economic Need at Key Moment in Markets and Politics

[WSJ] Jerome Powell Sees Easy-Money Policies Staying in Place

[FT] Powell signals ‘hope for return to more normal conditions’

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Pare Losses as Powell Reassures on Stimulus: Markets Wrap

[Reuters] Slide in growth stocks pummel Nasdaq, Powell testimony underway

[Yahoo/Bloomberg] Bitcoin Tumbles Below $50,000 as Fear Sweeps Through Crypto

[Yahoo/Bloomberg] Powell Signals Fed to Keep Buying Bonds Even as Outlook Improves

[Reuters] Fed's Powell says support for economy needed for 'some time'

[Reuters] U.S. consumer confidence rises in February: survey

[Reuters] U.S. bank profits fell 36.5% in 2020 on pandemic concerns: FDIC

[WSJ] Texas Grapples With Crushing Power Bills After Freeze

[WSJ] How Xi Jinping Is Reshaping China and What It Means for the West