Headlines discussed at LNWM’s Monday morning briefing:
— US wages rose 2.9% in August year-over-year, the most since 2009; US added 201,000 new jobs.
— Trump threatened tariffs on nearly all Chinese imports — on $200 billion in the works plus $267 billion.
— The S&P 500 lost 1% for the week, tech shares down 2.5%; concern over trade war, interest rates.
— Emerging market stocks fell 3.2% for the week; now in a bear market, as investors reassess risk.
— Oil prices fell amid concern that Iranian sanctions may not be enough to offset surplus.
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