Monday, February 22, 2021

Tuesday's News Links

[Yahoo/Bloomberg] Tech Shares Tumble a Second Day as Yields Climb: Markets Wrap

[Reuters] Stocks struggle as tech slide erases commodities surge

[Reuters] Oil rises on positive forecasts, slow U.S. output restart

[Yahoo/Bloomberg] Gold Steadies After Sharp Gain With Powell’s Testimony in Focus

[Yahoo/Bloomberg] Commodities Hit Highest Since 2013 Amid Inflation Concern

[CNBC] Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance

[Reuters] Fed's Powell heads to Congress with economy at a crossroads

[Reuters] U.S. manufacturers grapple with steel shortages, soaring prices

[Yahoo Finance] Home price growth surges at the end of 2020 — fastest pace in 8 years

[AP] Half a million dead in US, confirming virus’s tragic reach

[Yahoo/LA Times] California's coronavirus strain looks increasingly dangerous: 'The devil is already here'

[Yahoo/Bloomberg] Debt Markets Brace for Higher Yields to Stay as Stimulus Sets In

[Yahoo/Bloomberg] Texans Will Pay for Decades as Crisis Tacks Billions Onto Bills

[Reuters] Mega cities fan China's home prices further in test for policymakers

[Yahoo/Bloomberg] China’s New Outbreaks of Pig Diseases Spark Doubts Over Recovery

[Yahoo/Bloomberg] China’s Overseas Energy Lending Tumbles To Lowest Since 2008

[Bloomberg] Authers: How Much Do Central Banks Fear the Bond Toddler?

[Bloomberg] China Home Prices Shake Off Fresh Curbs to Resume Faster Growth

[NYT] Reading Between the Lines: A Conversation with Janet Yellen

[WSJ] For Stocks, This Bond Selloff Isn’t Like the Others

[FT] This is nuts, this is the electric vehicle crash

[FT] Brazilian markets rattled by Bolsonaro’s removal of Petrobras chief

[FT] El-Erian: When is stimulus too much for markets?

Monday Evening Links

[CNBC] Stock futures little changed as Wall Street looks to shake off Big Tech’s slide

[Reuters] Nasdaq, S&P 500 end lower as U.S. yields rise; Disney lifts Dow

[Reuters] Dollar slides on improving European, U.K. economic outlooks, commodities bounce

[Yahoo/Bloomberg] Petrobras Craters, Real Falls in Brazil’s Worst Rout in Months

[CNBC] Treasury yields rise in choppy trading

[Yahoo/Bloomberg] Oil Surges as Investors Bet Commodity Demand to Take Off

[Reuters] World shares slide on inflation fears, commodities surge

[Reuters] Petrobras shares slump as Brazil's Bolsonaro doubles down on intervention

[CNBC] House panel advances $1.9 trillion Covid relief bill as Democrats move toward passage this week

[Yahoo/Bloomberg] Yellen Favors Higher Company Tax, Signals Capital Gains Worth a Look

[Reuters] About a third of Texans still facing disrupted water supplies

[CNBC] The market is getting nervous about Powell’s testimony this week

[Reuters] Explainer: U.S. Treasury's cash drawdown - and why markets care

[Reuters] Brazil bankers, investors worry about Bolsonaro's effect on capital markets revival

[CNBC] Yellen sounds warning about ‘extremely inefficient’ bitcoin

[Bloomberg] Brazil’s Central Bank Cornered as Populism Fuels Rate Hike Bets

[Bloomberg] U.S. College Enrollment Slumps, Bucking Usual Gain in Recessions

[WSJ] Consumer Demand Snaps Back. Factories Can’t Keep Up.

Monday Afternoon Links

[Yahoo/Bloomberg] Tech Drags Nasdaq 100 to Three-Week Low; Oil Jumps: Markets Wrap 

[Reuters] Growth stocks push Nasdaq, S&P 500 lower as rising yields weigh

[Yahoo/Bloomberg] From Petrobras Wipeout to Real Plunge, Brazil Selloff Runs Deep

[Yahoo/Bloomberg] Yellen and Powell Are Wary of Financial Froth While They Push Stimulus

[Yahoo/Bloomberg] Biden Economy Chief Sees Jobs as More Urgent Risk Than Inflation

[Yahoo/Bloomberg] Bond ETFs of Every Flavor Hammered by Building Inflation Bets

[Yahoo/Bloomberg] ECB ‘Closely Monitoring’ Bond Yields as Gains Spark Concern

[Yahoo/Bloomberg] After Texas Crisis, Biden’s Climate Plan Hangs on Fragile Power Grid