Another 2008 Deja Vu: Implications of Flattening Imports

What happens when US imports & exports fall below their 3-month moving average? A stabilizing US trade deficit in May to $48.7 bn from $50.6 bn is always good news, but when both imports and exports show signs of a flattening (see chart in the link below), making the connection to world growth becomes inevitable. Extending the analysis to commodities and equities, we note a close relationship between the rate of trade growth and equities. See full article here. http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx

Ashraf