Wednesday, January 27, 2021

Wednesday Evening Links

[Reuters] Asia stocks follow Wall Street tumble on valuation worries

[Yahoo/Bloomberg] Stocks Extend Drop After Worst Rout Since October: Markets Wrap

[Reuters] Stocks slump to worst day in three months in wake of Fed statement

[Reuters] Stocks fall, dollar up on virus, frothy market fears

[Yahoo/Bloomberg] Powell Sidesteps GameStop Frenzy, Sees Vaccine Buoying Market

[AP] Fed stresses its commitment to low rates for the long run

[Yahoo/Bloomberg] Powell Says No Bond Taper for ‘Some Time’ as Recovery Moderates

[Reuters] Fed remains in crisis-fighting mode as recovery appears to moderate

[Axios] Fed chair says low interest rates aren't driving stock market prices

[CNN] Fed dismisses worries about inflation and pledges to keep rates low

[CNBC] Covid live updates: NY eases some restrictions; U.S. to test vaccine effectiveness on new strains

[Yahoo/Bloomberg] Warren Says GameStop Frenzy Demands Biden Regulate Markets

[Yahoo/Bloomberg] Hedge Fund Maplelane Loses About 33% on Short Bets This Month

[Yahoo/Bloomberg] Reddit Day Trader Army Fattens Fortunes of the Super-Rich

[Yahoo Finance] Robinhood CEO: The retail investors that have felt 'talked down to' are now 'empowered'

[AP] Foundations focus their attentions on saving democracy

[Bloomberg] GameStop Frenzy Reaches Biden and Powell as Hedge Funds Squeezed

[WSJ] GameStop Mania Reveals Power Shift on Wall Street—and the Pros Are Reeling

[FT] ‘Short squeeze’ spreads as day traders hunt next GameStop