Week in Review

Decent Week in Review: Consumer credit expanded fueled by long-term student (yikes) and auto loans, the service sector continued to expand at a steady if uninspired rate, while manufacturing activity jumped to its highest level since 05/12. The best news, the trade deficit narrowed to $38.5 billion, about $8 billion more than expected, and should result in Q4 GDP being revised up from -0.1% to maybe as much as 0.75%!