Reply To: Traders Market Weekly: Geopolitics and Stormy Weather

#69911
Truman
Participant

The November trade balance was better than expected, showing a deficit of $63.2 billion (consensus -$64.7 billion) versus a downwardly revised $$64.5 billion (from -$64.3 billion) in October.

The key takeaway from the report is that exports were $4.8 billion less than October exports while imports were $6.1 billion less than October imports. The drop in both exports and imports fits with a weakening global economic environment.