Headlines discussed at LNWM’s Monday morning briefing:
— US-China trade tensions escalated, with 10% US tariffs on $200 billion in Chinese goods.
— US stocks hit record highs, shrugging off rising interest rates, high debt levels, trade tensions.
— Nearly 70% of investors are negative or neutral on US stocks, recent survey shows.
— The S&P 500 shifted major tech stocks into a new sector — Communications Services.
— The UK and European Union sparred over Brexit implementation; British pound plunged.