<\/p>\n<\/a>Financials<\/u> –
\nAs you are probably aware, the Trump Administration lost its bid to reinstate its travel ban.\u00a0 This is likely to head further up the chain through the court system to the Supreme Court. He is using up a lot of political \u201ccapital\u201d on this one item, so it will be interesting to see how this progresses.\u00a0 It certainly isn\u2019t over yet.\u00a0 Separately Trump promised a \u201cphenomenal\u201d tax plan to be announced in the coming weeks, which is certainly something the market will get excited about.<\/p>\n
China reported trade data overnight and the market seems to be impressed with the news.\u00a0 January exports were up 7.9% which is the strongest gain in almost two years.\u00a0 Exports to the US were up 9%.\u00a0 Imports were up 16.7%.<\/p>\n
The monthly wholesale trade numbers don\u2019t typically get a ton of attention because they\u2019re not usually market movers, but I think it is worth pointing out this morning to show a change in the trend has developed.\u00a0 As you can see in the chart, the ratio of inventories to sales had grown very large over the past few years.\u00a0 In theory this could be negative as it means product is not moving and it could result in lower production and\/or imports.\u00a0 As you can see this trend has reversed in recent months.\u00a0 If this were to continue in the months ahead, it would be a net positive for economic activity going forward.<\/p>\n
<\/p>\n
DISCLAIMER<\/u><\/strong>:<\/strong> Financials – As you are probably aware, the Trump Administration lost its bid to reinstate its travel ban.\u00a0 This is likely to head further up the chain through the court system to the Supreme Court. He is using up a lot of political \u201ccapital\u201d on this one item, so it will be interesting to see […]<\/p>\n","protected":false},"author":4,"featured_media":1794,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n
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