
THE MONDAY MIX: Feb. 22 – 28, 2016
Headlines discussed at LNWM’s Monday morning briefing:
— Stockpiling of inventories was why 4th qtr. 2015 U.S. GDP was revised upward to 1% (from 0.7%).
— New orders for U.S. durable goods (cars to toasters) surged nearly 5% in Jan., most in 10 months.
— London’s mayor is advocating the UK leave the Eurozone, ahead of Britain’s vote on “Brexit.”
— U.S. and Chinese equities started to move in opposite direction, after a period of high correlation.
— Oil services giant Halliburton will lay off another 5,000 workers, due to depressed energy prices.
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