Trade Balance TABLE
Exports YoY
Trade Balance (Jan)
| Survey | -$59.5B |
| Actual | -$58.2B |
| Prior | -$58.8B |
| Revised | -$57.9B |
Exports up over 16.6% year over year (supports GDP) – looks like a banana republic!
Trade balance lower than expected with crude up to much. Should keep working it’s way lower all year as non residents work to reduce their rate of accumulation of USD financial assets.
IBD/TIPP Economic Optimism (Mar)
| Survey | 40.5 |
| Actual | 42.5 |
| Prior | 44.5 |
| Revised | n/a |
Down, but a little bit better than expected.
ABC Consumer Confidence (Mar 9)
| Survey | n/a |
| Actual | -30 |
| Prior | -34 |
| Revised | n/a |
Could that be a bounce back? Haven’t seen one in so long can’t remember….