Despite the weak US dollar, the nation’s trade gap widened to a whopping $43.1 billion in January. This is not good news for the markets as the outflow of dollars continues to erode the underpinnings of a much-expected bull run on the Street.
Consumers account for 2/3s of economic growth and the American appetite for foreign goods shows no sign of lessening.
IMHO until capital and orders for goods and services begin to flow back to the US stock prices will be pressured as investors look for better returns in overseas markets and consumers continue to demand foreign goods and services at record levels.
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