Headlines discussed at LNWM’s Monday morning briefing:

— The US economy barely grew in 1st qtr 2017 (+0.7% annualized), on weaker consumer spending.
— US wages and employee benefits rose 0.8% in 1st qtr. 2017, the fastest quarterly increase since 2007.
— Congress passed a spending bill to avert a federal government shutdown until September.
— NASDAQ, the tech-stock index, set new high of 6,000, just 25% above 5,000 level hit 17 years ago.
— Only 53% of working-age Brazilians have jobs, a record low, amid country’s deepest recession ever.

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