Tuesday's News Links

[Yahoo/Bloomberg] US Stocks Drop in the Face of Hawkish Fedspeak: Markets Wrap 

[CNBC] Gold trades near 8-month high and analysts expect its rise to continue

[Yahoo/Bloomberg] Oil Fluctuates as Hawkish Fed Comments Overshadow China Outlook

[CNBC] Powell stresses need for Fed’s political independence while tackling inflation

[Yahoo Finance] Powell defends Fed taking 'measures that are not popular' to rein in inflation

[Reuters] U.S. small-business sentiment skids to half-year low

[Reuters] U.S. imports of containerized goods retreat to pre-pandemic level

[Reuters] U.S. banks get ready for shrinking profits and recession

[AP] California deluge forces mass evacuations, boy swept away

[Reuters] Crypto contagion deepens: Coinbase to slash nearly 1,000 jobs

[CNBC] Americans lean more on credit cards as expenses stay high: 46% of cardholders now carry debt from month to month

[Yahoo/Bloomberg] Markets Are Underestimating Inflation Again, BlackRock and Fidelity Warn

[Yahoo/Bloomberg] Jamie Dimon Says Fed May Need to Hike Interest Rates Beyond 5%

[Yahoo/Bloomberg] China’s Credit Growth Slows in December Amid Covid Waves

[AP] China economy recovering but hampered by virus outbreaks

[Yahoo/Bloomberg] China Deflation Pressure Worsens as Economy Slumps, Survey Shows

[Reuters] COVID wave past its peak in many parts of China - state media

[Yahoo/Bloomberg] Tokyo Inflation Hits 4%, Pointing to Stronger-Than-Thought Trend

[Yahoo/Bloomberg] ECB Member Schnabel Says Rates Must Rise Significantly and Steadily

[Yahoo/Bloomberg] Europe’s Bond Sales Top $130 Billion in Record Time

[Yahoo/Bloomberg] Insured Losses Hit $120 Billion as Extreme Weather Spreads

[Reuters] Russia is now fighting NATO in Ukraine, top Putin ally says

[WSJ] The Companies Conducting Layoffs in 2023: Here’s the List

[FT] US banks set for bumper lending profits but face end of rate rise cycle

[FT] Xi Jinping’s plan to reset China’s economy and win back friends

[FT] China’s Covid patients face medical debt crisis as insurers refuse coverage

Monday Evening Links

[Reuters] S&P 500 near flat as investors weigh chances of less aggressive rate hikes 

[Yahoo/Bloomberg] Californians Warned to Flee, Head to High Ground as Waters Rise

[Yahoo/Bloomberg] Debt-Cap Risks for Markets to Intensify If Stopgap Deals Are Used

[Reuters] Bolsonaro in hospital, 1,000 supporters detained after Brasilia riots

[Reuters] Equities, bonds ETFs drew in near-record amounts of cash in 2022: BlackRock

Monday Afternoon Links

[Reuters] Nasdaq leads gains on Wall Street as interest rate worries ease

[Yahoo/Bloomberg] Oil Rises as China Import-Quota Release Sparks Demand Optimism

[Reuters] NY Fed survey finds reduced near-term inflation expectations in December

[CNBC] Consumers see inflation—and spending—cooling off in the year ahead, New York Fed survey shows

[CNBC] Consumer confidence in housing finally rises, thanks to falling home prices

[Reuters] Factbox: The 10 biggest U.S. retail bankruptcies in 5 years

[Yahoo/Bloomberg] Biggest Junk-Bond ETF Draws Most Cash Since 2020 as Debt Rallies

[Reuters] Brazilian troops clear Bolsonaro supporters' camp after capital stormed

Monday's News Links

[Yahoo/Bloomberg] Stocks Extend Risk Rally on China; Dollar Weakens: Markets Wrap

[Reuters] Gold scales 8-month high as Fed slowdown prospects lift appetite

[Yahoo/Bloomberg] Oil Jumps at Start of Week With China Optimism Spurring Gains

[Reuters] Brazil's currency, stock futures down after Bolsonaro supporters storm capital

[Yahoo/Bloomberg] Banks’ Bad Loan Provisions, Housing Market Fears: US Earnings Week Ahead

[Yahoo/Bloomberg] Labor Disruptions at World’s Ports Quadruple as Discontent Grows

[Yahoo/Bloomberg] Earnings Remain Key Risk for Tech Stocks After Worst Year Since 2008

[Reuters] Goldman Sachs to start cutting thousands of jobs midweek

[Reuters] Ukraine bolsters defences in east as Russia sends waves of attacks

[Yahoo/Bloomberg] Virus Wave Slowing China’s Efforts to Secure Power for Rebound

[Reuters] 'Life is moving forward': China declares new COVID phase

[Reuters] China carries out combat drills around Taiwan again

[Reuters] Japan Kishida vows to debate govt, BOJ roles with new central bank head

[Reuters] ECB sees 'very strong' wage growth ahead in next few quarters

[Reuters] Analysis: Some ocean shipping rates collapsing, but real price relief is months away

[Reuters] Swiss National Bank posts record $143 billion loss in 2022

[Yahoo/Bloomberg] Hedge Funds Boost Dollar Shorts on Bets for Slower Fed Hikes

[Bloomberg] Xi Spurs $100 Billion Rally With Abrupt Shifts That May Not Last

[WSJ] Tech Industry Reversal Intensifies With New Rounds of Layoffs

[WSJ] Using Up America’s Oil Reserve Was Easy. Refilling It Won’t Be.

[WSJ] CFOs Ponder Their Pricing Power as the Economy Cools

[WSJ] China’s Covid-19 Infections Hit Peak in Populous Regions, Officials Say

[FT] ETF industry storms through 2022’s headwinds