Headlines discussed at LNWM’s Monday morning briefing:
— US stocks (S&P 500) sank 3.9% in 1 week, the most since 2016, on concern about rising bond yields.
— US wages in January rose at the fastest pace in nearly a decade, as the US added 200,000 new jobs.
— The Federal Reserve predicted higher inflation and indicated interest rate increase was likely in March.
— President Trump proposed a US infrastructure rebuild funded mostly by private investors.
— Bitcoin and other cryptocurrencies crashed, after India, others vowed to regulate their use.
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