Headlines discussed at LNWM’s Monday morning briefing:
— US and China did not escalate their trade dispute at the G-20 Summit, resulting in temporary truce.
— The S&P 500 rose 4.9% last week (+3.2% for 2018), on optimism about US-China trade, interest rates.
— Oil prices dropped to their lowest level in 10 years, as the market awaits OPEC and Russia production cut.
— Trump signed a trade agreement to replace NAFTA but opposition in Congress presents a problem.
— Microsoft toppled Apple to become the world’s most valuable publicly traded company.
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