Wednesday, February 7, 2018

Thursday's News Links

[Bloomberg] Volatility Spreads as Treasuries Drop With Stocks: Markets Wrap

[Bloomberg] Oil Extends Biggest Drop in Two Months as Dollar and Shale Weigh

[AP] Senate leaders’ budget deal faces opposition in both parties

[Reuters] Fed likely to continue raising rates: Kaplan

[AP] Senate celebrates budget deal _ but shutdown still possible

[Reuters] Chancellor: Beware the volatility bubble's popping

[Bloomberg] Bank of England Set to Hike Rates Earlier Than Expected

[Bloomberg] China Exports Hold Up as Commodities, Base Effects Boost Imports

[Bloomberg] Everything's a Sell in China After $660 Billion Equity Wipeout

[CNBC] A fundamental change is underway in the financial markets and it will not be pleasant

[Bloomberg] Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says

[Reuters] BOJ's Suzuki signals chance of future rate hike, slower ETF buying

[Reuters] Italy's Northern League chief attacks euro, says preparing exit

[WSJ] Is This Obscure Wall Street Invention Responsible for the Market Selloff?

[WSJ] Spending Deal Signals End to GOP’s Budget Austerity Kick

[WSJ] Some Investors Shun Longer-Dated Bonds as Duration Risk Rises

[WSJ] ECB Official Calls for Swift End to Bond-Buying

[WSJ] BOJ’s Kuroda Says It Is Too Early to Discuss Exit Strategy

[FT] Canada’s housing market flirts with disaster

[FT] The ‘buy the dip’ mantra faces unexpected test

Wednesday Evening Links

[Bloomberg] Stocks' Bumpy Ride Resumes as Bond Jitters Linger: Markets Wrap

[CNBC] Oil prices tank 3% to one-month lows after US crude and fuel stockpiles jump

[Bloomberg] Senate Deal Would Avoid Shutdown as Funding Fight Turns to House

[CNBC] New Fed Chairman Powell could have a few surprises in store for the market

[Bloomberg] Fed's Williams Isn't Changing Views After Asset-Price Gyrations

[Bloomberg] Consumer Credit Growth in U.S. Cools After November Surge

[Bloomberg] A Map to the Underworld: $2 Trillion of Volatility Trades Here

[Reuters] Fed's Evans says no rate hikes needed before mid-2018

[Bloomberg] China’s War on Risk Has Banks Fleeing Shadowy Wealth Products

[Reuters] Volatility means trend is no longer the hedge fund's friend in 2018

[CNBC] Washington is on track for more government spending and bigger deficits — even under Republican control

[Bloomberg] Illinois Is Awash in Debt Even Before Rauner Unveils Budget

[Bloomberg] Drought Across U.S. Reaches Highest Levels Since 2014

[WSJ] A Warning Sign Behind the Market Swings

[FT] Trade deficit reality starts to bite for Trump

[FT] Fed officials maintain outlook despite market gyrations