2.24.2021

US earnings season shows corporate sector rebound - Financial Times

"Corporate America started to turn the page on the coronavirus-induced downturn in the fourth quarter, less than a year after the pandemic sent financial markets into a tailspin and pushed the US into recession."

 

Cathie Wood Funds Hit by Biggest Investor Exodus on Record - Bloomberg

"Three of Cathie Wood's exchange-traded funds posted thier largest outflows on record after a selloff engulfed some of the star money manager's biggest bets."

 

SPACs Are Selling Off Along With Everything Speculative - Barron's

"Tuesday's sellof in speculative pockets of the market is hitting stocks of premerger special purpose acquisition companies, or SPACs."

 

Why Higher Rates Are Hammering Big Tech - WSJ

"Technology companies that prospered over the course of the pandemic have less appeal as the economy recovers"