Wednesday, February 24, 2021

Thursday's News Links

[Yahoo/Bloomberg] Bonds Drop With Stocks on Inflation Worries: Markets Wrap

[Reuters] Stocks rise, bond yields too - despite central banker talk-down efforts

[CNBC] GameStop shares surge in premarket as Reddit favorites rally again

[Reuters] Oil hovers near 13-month highs as storm hits U.S. output, Fed assures rates staying low

[Reuters] U.S. weekly jobless claims fall more than expected

[AP] Orders for U.S. durable goods climb 3.4% in January

[AP] GOP rallies solidly against Democrats’ virus relief package

[Reuters] Biden to press for $37 billion to boost chip manufacturing amid shortfall 

[Reuters] U.S. business group, officials push for swift action on infrastructure

[Yahoo/Bloomberg] U.S. Companies Start to Flex Pricing Power in First Test for Fed

[Yahoo/Bloomberg] Government Borrowing Jumps by Most on Record in Covid Pandemic

[Yahoo/Bloomberg] Soaring U.S. Yields Send Risk Assets Warning as Real Rates Rise

[Yahoo/Bloomberg] Convexity Hedging Haunts Markets Already Reeling From Bond Rout

[Yahoo/Bloomberg] Global Bond Rout Puts Australia’s Central Bank on Frontline

[Reuters] Euro zone corporate lending growth slows as monthly flows dry up

[CNBC] Charlie Munger says novice investors are getting lured into a bubble in ‘dirty way’ by Robinhood

[CNBC] The wealthy are borrowing billions against their art collections and lenders are reselling the debt

[Reuters] China says U.S. undermining stability after U.S. warship sails through Taiwan Strait

[CNBC] Covid variants could ‘undermine all of our efforts’ if virus spreads globally, CDC director says

[Bloomberg] Dudley: The Fed May Need to Head Off a Money-Market Mess

[Bloomberg] Italy, Greece Caught in Bond Rout Pose ECB With Another Headache

[WSJ] Rich Countries Borrowed $18 Trillion in 2020. Few Seem Worried About Them Paying It Off.

[WSJ] Red-Hot Stock Market Pushes More Companies to Go Public

[FT] Inflation fears rattle global bond markets

[FT] Powell pulls his punches on benefits of more fiscal stimulus

[FT] Why global Covid infections have plummeted

Wednesday Evening Links

[Yahoo/Bloomberg] Stocks Rally as Powell Soothes Traders’ Nerves: Markets Wrap

[Reuters] U.S. senators weigh paring back Biden's $1.9 trillion COVID-19 aid plan

[Reuters] Biden rushes to address global computer chip shortage via latest executive order

[Reuters] Charlie Munger warns of market 'frenzy'; frowns on gambling mentality, bitcoin, SPACs

[Yahoo/Bloomberg] Gasoline Crisis Paralyzes One of Every Seven Texas Stations

[Reuters] Brazil government intervention in Petrobras threatens privatization, growth prospects - Moody's

[Reuters] Mexico's support for Pemex to drive widening fiscal deficit, Moody's says

[WSJ] Texas Power Grid Was Minutes From Collapse During Freeze, Operator Says

[WSJ] Verizon Spends $45.5 Billion to Top 5G Spectrum Bidders

[FT] Power market credit crisis looms as Texas bills come due

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Climb as Powell Talks Up Economic Support: Markets Wrap

[Reuters] Treasuries -Yields rise but Fed Chair Powell's patience tempers gains

[Yahoo/Bloomberg] Oil Taps One-Year High With Market Eyeing Tight Global Supplies

[Reuters] Dollar hits fresh three-year lows against commodity-linked currencies

[Yahoo/Bloomberg] Powell Pushes Back on Concerns of Prices Rising, Overheating

[Reuters] Data-focused Powell says may take more than three years to hit Fed inflation goal

[Reuters] Biden rushes to address global computer chip shortage via latest executive order

[Reuters] Fed's Brainard says U.S. economy far from employment, inflation goals

[Yahoo/Bloomberg] Bond ‘Tantrum’ Erases $14 Billion Treasury ETF’s Pandemic Rally

[Reuters] U.S. new home sales beat expectations; December data revised higher

[Reuters] Biden CIA nominee Burns calls China an 'authoritarian adversary'

[Yahoo/Bloomberg] In Trump Farm Bailout, Top 1% Reaped Nearly One-Fourth of Aid

[Yahoo/Bloomberg] Cathie Wood Funds Whipsawed Amid Record Outflow, Rate Spike

[WSJ] Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

[FT] Is inflation back from the dead?