The Monday Mix: January 20 – 26, 2020

Headlines discussed at LNWM’s Monday morning briefing:

S&P 500 earnings are expected to be down slightly (0.5%) for 4th quarter 2019 vs. year-earlier period; rebound expected in 2020.
Brexit terms were signed by Britain and will be approved by the EU on Jan. 29, making 2020 the year of implementation.
The inventory of US homes for sale is down to 3 months of supply (not seen since 1999); 6-month supply is balanced market.
US manufacturing activity slowed a bit in the past three months, but levels are indicative of an expanding economy.
US weekly jobless claims rose less than expected, indicating the US job market is continuing to tighten.

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