Inconclusive Trade Stats

(1) Mixed picture. (2) World production and volume of exports growing at slow paces. (3) Strong Chinese exports bullish sign for global growth. (4) Weak Chinese imports not so bullish for China and global growth. (5) German data on weak side during January after gaining in December. (6) Eurozone exports also suggest good global economy, but imports signal bad regional one. (7) Yen is boosting Japanese exports. (8) US trade data suggest strong dollar may clip exports. (9) US trucking index rose to record high during January, while port strike might have weighed on railcar loadings. (10) Transportation stocks unlikely to continue outperforming. (11) Focus on market-weight-rated S&P 500 Transportation.