Headlines discussed at LNWM’s Monday morning briefing:

— US stocks (S&P 500) rallied to all-time high, up 7% in 2016, on corporate earnings optimism.
— Yields on German 10-year gov’t bonds turned positive (0.0004%) on stronger economic data.
— More UK real estate funds sold assets to meet redemptions caused by Brexit fears.
— Theresa May is to become UK’s new prime minister, a Conservative Party pragmatist.
— Starbucks and JPMorgan said they’ll raise worker wages, a sign of tightening labor market.

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