Headlines discussed at LNWM’s Monday morning briefing:

— Dow drops more than 450 points, S&P 500 posts worst day since January
— U.S. posts largest-ever monthly budget deficit in February
— European shares deepen losses on slew of dismal Purchasing Manager’s Indexes (PMIs)
— Part of yield curve inverts as 3-month yield tops 10-year rate
— Trump nominates a strident Powell critic for spot on Fed board

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