Jun. 26 at 6:38 PM
$SLV $B $GDX $JNUG $GLD
❌The U.S. goods trade deficit widened sharply in May, rising to
$105.8 billion, well above the
$85 billion economists had expected & 24.4% higher then estimated. The increase was driven by a 3.6% rise in imports & a 5.4% decline in exports, marking the largest goods trade deficit since March 2025❌
Meanwhile, wholesale inventories rose 0.3%, slightly below forecasts, while retail inventories increased 0.6%, a bit above expectations. The larger trade deficit contrasts w/Trump's stated goal that tariffs would help reduce the U.S.'s longstanding trade imbalance
Trade deficit is largely due to inflation & an inability for American businesses to compete on price?
Inflation is live & well w/Apple w/increased prices from 18%, 17.6%, 25%, 22.2%. This comes as just yesterday real disposable income turns NEGATIVE, US consumers have less money available to spend amid inflation surge
The formal review of the a (USMCA)Agreement is set to begin on July 1, 2026
