From Resourceinvestor.com: The announcement of a surprisingly large US trade deficit for September had some assuming the US consumer is back in a buying mood. Alas, the much watched Michigan consumer confidence index for November quickly followed, and it is off a large 4.6 points, from 70.6 in October to 66.0 now.
The import gains were largely for crude oil, and there was some gain from the “declunkering” auto sector…………………………….Full Article: Source