Wednesday, January 27, 2021

Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims Dip: Markets Wrap

[Reuters] Stocks soured by Wall Street sell-off and 'vaccine nationalism'

[Reuters] Souring sentiment lifts dollar, knocks risk currencies

[CNBC] Fourth quarter GDP increased 4.0% vs 4.3% estimate

[CNBC] Jobless claims rise less than expected at 847,000 first-time applicants

[CNBC] The Federal Reserve doesn’t see risks to market stability, even as concern about bubbles grows

[CNBC] 10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

[Reuters] 'We love this stock': GameStop effect spreads as calls for probe build

[Yahoo/Bloomberg] China Is Crushing Leveraged Traders With Liquidity Withdrawals

[Yahoo/Bloomberg] Hedge-Fund Legends Lose Billions to Reddit Traders Running Amok

[Yahoo/Bloomberg] Steve Cohen’s Point72 Loses 10-15% Amid Month’s Hedge Fund Carnage

[Yahoo/Bloomberg] Dan Sundheim’s $20 Billion D1 Capital Loses About 20% This Month

[Yahoo/Bloomberg] Retail Mania Spurs Veteran Trader to Scour Chat Rooms and Charts

[Yahoo/Bloomberg] Democrats Aim for SALT Write-Off Expansion in Stimulus Bill

[Reuters] China sharpens language, warns Taiwan that independence 'means war'

[Bloomberg] Stock Fears Come Back With VIX Trading Near November High

[Bloomberg] China Central Bank Drains Most Short-Term Funds Since October

[Bloomberg] GameStop Mania Has Europe's Hedge Funds on the Run

[Bloomberg] Rock Stars Are Making Fortunes Cashing In on Their Old Songs

[NYT] ‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own Game

[WSJ] Emerging-Market Borrowing Boom Sparks Concerns Over Debt Loads

[WSJ] Shape-Shifting Virus Threatens Cycles of Illness, Lockdowns

[FT] US stock trading volumes soar past 2008 peak in Reddit battle

[FT] Hedge funds retreat in face of day-trader onslaught

[FT] Italy crisis raises concerns about EU recovery spending

[FT] Emerging markets borrowers sell debt at near-record rate

[FT] How Jane Street became the leading Wall Street firm ‘no one’s really heard of’

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

Wednesday Afternoon Links

[Yahoo/Bloomberg] U.S. Stocks Drop Most Since October; Dollar Jumps: Markets Wrap 

[Reuters] Stocks slump on short squeeze fallout, Boeing drop; Fed sits tight

[Yahoo/Bloomberg] Fed Maintains Monetary Stimulus, Cites Moderating Recovery

[Reuters] Fed leaves policy unchanged as economic recovery appears to moderate

[Yahoo/Bloomberg] Yellen ‘Monitoring’ GameStop Market Activity, White House Says

[Bloomberg] GameStop Frenzy Lifts Consumer Stocks From Macy’s to Beyond Meat

[Bloomberg] Wall Street Scans Short-Squeeze Targets Amid Reddit ‘Revolution’

[Bloomberg] Hedge Fund Favorites Are Telltale Leaders In Broad Stock Selloff