Bullet Points

1) International Trade  (Click to View BEA Release)

Trade Balance: Prior=$-38.3b Est=$-40.5 Act=$-40.6b

Higher energy prices lead to a widening of the trade deficit. Exports posted solid gains and if you exclude oil the gap actually shrank.

2)University of Michigan Consumer Sentiment Index

Prior=74.2 Est=75.0 Act=75.1

COT for Commodity Products