Today’s Econ data

Not a bad day for U.S. Economic data,Trade balance smaller deficit and Non-manufacturing ISM headline number A touch better then consensus and possibly indicating a short term bottom. Lets look at the Charts

3-mo Moving Average of headline ISM
Trade deficit smallest in 3 years,trump Scorecard for success of trade war
3-month average of U.S. China trade deficit, this too showing less of a deficit another Plus for Trump Trade war scorecard
lastly the All important Services Trade balance is little changed

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