Headlines discussed at LNWM’s Monday morning briefing:
— US GDP for 2nd quarter 2018 jumped to 4.1%; the Fed expects growth of 2.8% for the entire year.
— China is injecting both fiscal and monetary stimulus into its economy, to prep for trade war with the US.
— The US will not impose 25% tariffs on imports of European cars, after negotiating certain concessions.
— The S&P 500 tech sector fell 2% on Friday, on earnings growth concerns at Facebook, Twitter, etc.
— The Federal Reserve is likely to raise US interest rates twice more in 2018, given strong economy.
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