Stock Market Update

The S&P 500 futures currently trade 47 points above fair value.

Just released, the Q4 account deficit narrowed to -$190.7 billion (Briefing.com consensus -$242.3 billion) from a downwardly revised prior level of -$239.1 billion (from -$226.4 billion). 

Import prices rose 1.3% in February after a revised increase of 0.6% (up from 0.2%) in January.

Excluding oil, import prices increased 1.1% after an upwardly revised increase of 0.8% (from 0.5%) in January. 

Export prices increased 1.5% in February after increasing 0.6% in January. 

Excluding agriculture, export prices increased 1.7% in February after increasing an upwardly revised 0.8% (from 0.7%) in January.