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Situational awareness:

  • Since the start of 2018, China has cut tariffs on products from other WTO countries and raised them on the U.S. (CNBC)
  • Gains in global personal wealth rose just 1.6% last year, the weakest growth in 5 years. (Bloomberg)
  • Slack's direct listing hits the NYSE today with a reference price of $26, but the company wants to avoid price pops and volatility, and has increased the number of shares that can be sold to 194 million from 181 million. (Bloomberg)

Editor's note: Situational awareness has been corrected to reflect that Slack's listing is today (not tomorrow).