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The Monday Mix: December 9 – 15, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The UK is likely to exit the European Union by the end of January 2020, as the Conservative party won a strong election mandate.
The US and China agreed on Phase I of a trade deal, which will reduce some tariffs and put off new ones as negotations continue.
US retail sales rose just 0.3% in Nov. (vs. 0.5% expected) and up 3.3% over last Nov., as consumers cut back on discretionary spending.
The Federal Reserve held its key interest rate steady, and may continue with rate neutral stance through 2020.
US wages and other labor costs are not rising as much as previously reported, keeping the lid on inflation and helping corporate profit margins.

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