Dmytro Kharkov

U.S. trade balance nears post-covid lows, Bob Elliott notes

U.S. trade balance nears post-covid lows, Bob Elliott notes
U.S. trade balance nearing post-covid lows

Bob Elliott, co-founder and CIO at Unlimited, observes that the U.S. trade balance is moving back toward post-covid lows as transitory factors are accounted for.

Elliott characterizes recent tariff actions as 'nonsense' and points to underlying adjustments in trade data.

Elliott has recently highlighted market softness following reduced central bank gold buying. He also noted that crowded short positions could set up a potential reversal in the Japanese yen. His recent commentary adds to a series of observations on global financial shifts.

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