“The Dow rose nearly 1 percent Thursday… Investors
were encouraged by a report that the United States trade
deficit had narrowed, one positive point in a recent string
of weak economic data.” (June 9, 2011, Reuters)
Think Lower Trade Deficit Is Bullish For the Stock Market? Now See This Chart
U.S. trade gap narrowed in April, and many will see that as a bullish sign
June 10, 2011
By Elliott Wave International
This
article was syndicated by Elliott Wave International and
was originally published under the headline Think Lower Trade Deficit Is Bullish For the Stock Market? Now See This Chart.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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