Sunday, February 21, 2021

Monday's News Links

[Yahoo/Bloomberg] Bond Yields Climb as Stocks Slump; Copper Rallies: Markets Wrap

[Reuters] World shares dip as bond yields, commodities surge

[Reuters] Dollar holds its ground as markets focus on rising yields

[Yahoo/Bloomberg] Brazil Markets Tumble as Bolsonaro Pivots to Interventionism

[Yahoo/Bloomberg] Copper Surges Above $9,000 as Deficit Concern Spurs Record Rally

[Yahoo/Bloomberg] Reflation Trade Gets Shot in the Arm With Rate Hikes in Focus

[Yahoo/Bloomberg] Traders See Earlier Fed Hikes, Even as Goldman Cautions on Pace

[Yahoo/Bloomberg] Powell to Face Pressure From Lawmakers Over Stimulus This Week

[AP] US coronavirus death toll approaches milestone of 500,000

[Reuters] Michigan, Maryland governors to testify on new U.S. infrastructure push

[Yahoo/Bloomberg] Days Before Blackouts, One Texas Power Giant Sounded the Alarm

[Yahoo/Bloomberg] Wall Street Is Inflation-Proofing Its Debt-Market Portfolios

[CNBC] 25 highest paid hedge fund managers made $32 billion in 2020, a new record

[CNBC] China’s foreign minister calls for the U.S. to remove tariffs and sanctions

[WSJ] The Money Boom Is Already Here

[WSJ] Historic Gains in Small Stocks Highlight Investor Exuberance

[WSJ] China’s Online-Lending Curbs to Hit Big Tech Firms and Regional Banks

[FT] Chinese stocks drop 3% in retreat from record highs

[FT] Europe should ‘go big’ on fiscal policy too

Sunday Evening Links

[CNBC] Stock futures rise slightly after S&P 500 snaps a 2-week winning streak

[Yahoo/Bloomberg] Asian Stocks Set for Muted Open; Currencies Steady: Markets Wrap

[Yahoo/Bloomberg] The Two Hours That Nearly Destroyed Texas’s Electric Grid

[MSN/NYT] Texas Power Grid Run by ERCOT Set Up the State for Disaster

[Yahoo/Bloomberg] Texas Homes Slammed by Thousand-Dollar Power Bills After Storm

[Reuters] Texas freeze led to release of tons of air pollutants as refineries shut

[Yahoo Finance] Texas shows need for infrastructure spending has 'never been greater': Engineering CEO

[Yahoo/Bloomberg] China’s Yield Appeal Catapults Yuan to the Global FX Big League

[WSJ] Bond Selloff Prompts Stock Investors to Confront Rising Rates

[WSJ] China Deploys Covid-19 Vaccine to Build Influence, With U.S. on Sidelines

Sunday's News Links

[AP] Power failure: How a winter storm pushed Texas into crisis

[Yahoo/Bloomberg] Biden’s Economic Legacy at Stake With Next Package Taking Shape

[Yahoo/Bloomberg] Weak Grids Expose Risks for the Electrification of Everything

[Yahoo/Bloomberg] Surging U.S. Yields Loom Over Emerging Markets Beholden to Fed

[Reuters] Huge crowds in Myanmar undeterred by worst day of violence

[Bloomberg] Inflation Angst Is About to Rewrite the Stock Market Playbook

[Bloomberg] Bubble Warnings Go Unheeded as Everyone Is a Buyer in Stocks

[NYT] Texas Blackouts Point to Coast-to-Coast Crises Waiting to Happen

[NYT] His Lights Stayed on During Texas’ Storm. Now He Owes $16,752.

[WSJ] Seeing Red and Feeling Blue: America’s Rotten National Mood

[WSJ] SPACs Face New Test: A Wave of Asia-Focused Deals