Headlines discused at LNWM’s Monday morning briefing:
— Estimated 1st qtr. 2019 earnings growth for the S&P 500 fell to 0.7% (from 3.5% in early Jan.), as benefits of tax cuts recede.
— January marked 100 straight months of US job gains (a record), but weaker wage growth and a slight rise in unemployment.
— China vowed to buy more US goods and do more on intellectual property, with 1 month left for talks before new US tariffs kick in.
— US crude oil prices rose 2.7% in a day, as US sanctions kept Venezuelan oil exports at port and indications of solid US demand.
— US stocks had their best monthly performance since 2015, with the S&P 500 up more than 7% in January.
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