The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- The S&P 500 fell 1.6 percent last week, with technology and retail leading the way; late-cycle volatility is in play.
- The Federal Reserve’s Vice Chair indicated fewer interest rate increases if economic growth falters.
- Latin American stocks and currencies have recovered as a result of the US interest rate forecast.
- Crude oil prices in the United States fell 6.2 percent for the week, marking the sixth consecutive week of declines due to concerns about global oversupply.
- Concerns about Brexit pushed European markets lower; earnings are forecast to grow 16 percent year on year in the third quarter.
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