Headlines discussed at LNWM’s Monday briefing:
— US unemployment fell to a 16-year-low in July (4.3%), as 209,000 new jobs were added to payrolls.
— Treasury yields rose on possibility that Federal Reserve could raise interest rates once more in 2017.
— The US trade deficit fell to an 8-month low in June; highest level of exports since 2014.
— Congress will likely have to choose between Obamacare repeal and tax reform after August recess.
— Former General John Kelly became the new Chief of Staff at the White House, in effort to restore order.
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