The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- Estimated 1st qtr. 2019 earnings growth for the S&P 500 fell to 0.7% (from 3.5% in early Jan.), as benefits of tax cuts recede.
- January marked the 100th consecutive month of job growth in the United States (a record), but with slower wage growth and a minor increase in unemployment.
- With one month until new US tariffs go into effect, China has pledged to buy more US goods and do more on intellectual property.
- US crude oil prices rose 2.7% in a day, as US sanctions kept Venezuelan oil exports at port and indications of solid US demand.
- US stocks had their best monthly performance since 2015, with the S&P 500 up more than 7% in January.
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