Headlines discussed at LNWM’s Monday morning briefing:
— The S&P 500 had its worst week in nearly a month (down 1%) on rising bond yields, weaker job growth.
— The yield on 10-year Treasuries hit a 7-year high as Fed is expected to continue raising interest rates.
— US jobs growth cooled in Sept. (134,000 jobs added), while unemployment dropped to 3.7%.
— Oil prices rose for the fourth straight week, on concerns about global supply restrictions.
— Emerging market stocks lost nearly 4% for the week, on ongoing trade and currency concerns.
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