When I was a kid, I vaguely remember on the nightly news they would talk about the trade imbalance. The idea at that time was, gasp, how could the American powerhouse of manufacturing actually send OUT more stuff than it takes IN? So the desire was to have a trade surplus.
Well, let’s just say those days are long gone. The imbalance is absolutely eye-popping:
By the way, this is little more than a comment cleaner. For what it’s worth, the ONLY thing I’ve done today is sold my June puts, for NO OTHER reason than to reduce time risk. It’s stupid, but it helps me psychologically. All my other positions are intact, with the CLOSEST option a delicious 70 days away.
