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The Monday Mix: October 21 – 27, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The US federal budget deficit rose to nearly $1 trillion for fiscal 2019 (4.6% of GDP), on corporate tax cuts and higher spending.
— US GDP growth is estimated to be 1.5% for 3rd quarter 2019; durable goods orders fell 1.1% in Sept., indicating softness in manufacturing;
US consumer sentiment remained positive in Oct. (95.5 on the Index), albeit lower than in 2018, driven by healthy jobs market.
Brexit is looking likely to happen by Jan. 31, 2020, as UK Parliament approved current deal but voted to extend the timeline past Oct. 31.
Hong Kong’s economy is entering recession (negative growth two quarters in a row) as ongoing massive protests take their toll.

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