Headlines discussed at LNWM’s Monday morning briefing:

— The S&P 500 lost 4.6% last week, the worst week since March 2018, on concern about economic slowdown.
— Some members of the Federal Reserve are voicing concern about interest rate levels, ahead of next week’s meeting.
— Canada arrested Chinese telecom CFO intending to extradite to US, stoking US-China trade tensions.
— China said it will severely punish Intellectual Property theft in overture to US trade demands.
— Oil prices rallied strongly — up about 5% to $63/barrel — as OPEC and Russia announced production cuts.

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