Headlines discussed at LNWM’s Monday morning briefing:
— US government will close down again on Feb. 8, if agreement isn’t reached for new funding.
— Investors poured $33.2 billion into all types of stock funds the week of Jan. 24, an all-time record.
— US GDP grew an estimated 2.6% in 4th quarter 2017 (vs. 3% expected); 2.3% for all of 2017.
— Earnings growth estimates for S&P 500 companies rose to 13.2% for 4th qtr. 2017, driving stocks higher.
— The Trump administration imposed stiff tariffs on solar panel and washing machine imports from Asia.
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