Headlines discussed at LNWM’s Monday morning briefing:
— S&P 500 earnings for 4th qtr. 2018 have been mixed so far (22% companies reporting) but most beat expectations.
— US Treasury new bond issuance will top $1 trillion again in 2019 vs. $550 billion in 2017, to finance rising deficit.
— The US government shutdown cost the economy an estimated $6 billion; re-opening could prove temporary.
— The Federal Reserve is expected to keep its key interest rate steady for now, after 4 rate increases in 2018.
— US crude oil prices rebounded on concerns about crisis in Venezuela, a major oil exporter.
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