Monday, June 21, 2021

Tuesday's News Links

[Yahoo/Bloomberg] Stocks Steady Before Fed Testimony: Markets Wrap

[Yahoo/Bloomberg] Treasury Yields Rebound From Post-Fed Plunge to Multi-Month Lows

[Reuters] Gold ticks up on subdued dollar ahead of Fed chief's testimony

[CNBC] Bitcoin falls again, breaking below key $30,000 level that traders say could lead to more losses

[Reuters] U.S. lawmakers likely to press Powell on Fed's 'hawkish' turn

[CNBC] May existing home sales drop for a fourth straight month as affordability squeezes buyers out

[Yahoo/Bloomberg] ‘Roller-Coaster Ride’ in Bonds Puts Onus on Powell to Bring Calm

[Yahoo/Bloomberg] Fed Pivot Seen as More Detour Than Dead-End for Reflation Trades

[AP] EU investigates Google’s conduct in digital ad tech sector

[Yahoo/Bloomberg] Several Chinese Banks Reduce Evergrande Funding on Debt Risk

[Yahoo/Bloomberg] Evergrande Debt Woes Deepen With Fitch Downgrade, Wary Banks

[Reuters] China's Tianjin city seeks to appease investors over rising funding costs, sources say

[Reuters] Exclusive ECB policymakers at odds on inflation strategy, hope for Sept deal -sources

[Reuters] Brazil cenbank minutes raise possibility of 100 bps hike at next meeting

[Yahoo/Bloomberg] Hedge Funds Get It Wrong With Ill-Timed Dollar, Bond Bets

[Bloomberg] Delta Variant Gains Steam in Undervaccinated U.S. Counties

[WSJ] Wage Gains at Factories Fall Behind Growth in Fast Food

[FT] Baillie Gifford: can a new generation keep riding the tech boom?

[FT] Hedge fund that bet against GameStop shuts down

Monday Evening Links

[Yahoo/Bloomberg] Asia Stocks Open Up as Worries Over Fed Pivot Ease: Markets Wrap

[CNBC] Stock futures open slightly higher after the market’s sharp rally on Monday

[Yahoo/Bloomberg] Treasury Yields Rebound From Post-Fed Plunge to Multi-Month Lows

[Reuters] Bitcoin slumps further as China tightens crypto crackdown

[Yahoo/Bloomberg] Senators Say They’re Nearing Agreement on Infrastructure Plan

[Reuters] Biden, Congress divided on how to pay for infrastructure

[Yahoo/Bloomberg] Powell Renews Forecast for Inflation Subsiding Toward Fed’s Goal

[Reuters] Fed officials open debate on bond taper 

[Reuters] Regulators tell Biden U.S. financial system in good shape-White House

[Yahoo/Bloomberg] Delta Strain Spreads in U.S., Canada Eases Travel: Virus Update

Monday Afternoon Links

[Reuters] Wall St bounces back on boost from banks, industrials

[Yahoo/Bloomberg] Oil Climbs Amid Weaker Dollar With Key Oil Spreads Surging

[Reuters] Gold rebounds after steep selloff as dollar rally stalls

[CNBC] Bitcoin sinks to two-week low as China intensifies crypto mining crackdown

[Reuters] Fed officials: Faster bond taper could provide leeway on interest rates

[Reuters] Senate’s ‘nothing but no’ McConnell stands as roadblock to Biden agenda

[AP] Inflation ahead? Even a top economist says it’s complicated

[AP] Iran president-elect takes hard line, refuses to meet Biden

[Bloomberg] Kaplan, Dalio, Bullard Echo Call for Fed Pivot Toward Inflation

[Bloomberg] Dalio, Summers Still See Risk U.S. Overheats After Fed Shift

[Bloomberg] Fed Should Be Ready for Upside Risks to Inflation, Bullard Says

[FT] Emerging markets are right to worry about capital flows