The Monday Mix: Sept. 16 – 22, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The Fed injected cash into the overnight lending (repo) market after rates spiked; lowered Fed funds rate by another 25 basis points.
The Manufacturers Purchasing Index for the Eurozone fell to 45.6 for Sept., lowest level in 7 years; below 50 is worsening outlook.
S&P 500 earnings are expected to be 4% lower for 3rd quarter 2019 vs. year earlier, before rebounding in 4th qtr, per consensus estimates.
India announced a surprise $20 billion corporate tax cut in an effort to win new American investment as trade war with China continues.
The US will send some military troops to Saudi Arabia to bolster oil field defenses after last week’s drone attack cut production.

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