Headlines discussed at LNWM’s Monday morning briefing:
— Markets are weighing the impact of President Trump having COVID-19 as he continues to recover and new economic stimulus seems more likely to be passed by Congress this month.
— The US added 661,000 jobs in Sept., the smallest gain since May, with just over half the 22.2 million jobs lost during the pandemic recouped so far.
— The Eurozone is suing the UK for violating part of the Brexit agreement; but trade negotiations continue, with Dec. 31, 2020 the deadline for a deal.
— A key index of US consumer confidence surged nearly 16 points in Sept., to 101, the biggest monthly gain in 17 years; was 132 in February.
— US mortgage demand fell nearly 5% last week but is still 22% higher than a year ago, as the impact of record low mortgage rates could be slowing.
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