Headlines discussed at LNWM’s Monday morning briefing:

— The S&P 500 is up about 19% since its Dec. 2018 low, its highest close since Nov. 8, as US-China trade talks progress.
— The Federal Reserve may stop reducing its fixed-income holdings (nearly $4 trillion), a move welcomed by the bond markets.
— Oil prices jumped 3% last week, as OPEC cuts offset record-high US production (est. 13 million barrels/day by end of 2019).
— US interest rates fell (to 2.65% on 10-year Treasuries), on uncertainty over US-China trade talks and economic growth.
— Consumer products giant Kraft Heinz posted $12.6 billion loss, cut dividend 36%, and said it is being investigated by the SEC.

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