Headlines discussed at LNWM’s Monday morning briefing:
— 97% of CFOs surveyed by Deloitt said US economic is slowing, 77% said stocks as overvalued, but only 3% expect a 2020 recession.
— The US economy added 145,000 new jobs in Dec., lowest number since May, with a drag coming from the manuacturing sector.
— The US levied new sanctions on Iran in key sectors — construction, manufacturing, mining — in response to bombing of US bases in Iraq.
— It will be impossible to reach a comprehensive Brexit trade deal by the end of 2020, said the new head of the European Commission.
— The US trade deficit sank to a three-year low of $43 billion in November, due to less trade with China and higher US oil and gas exports.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.