FYI: Today's report of the NFIB Small Business Optimism Index was a big disappointment relative to expectations. After breaking the triple digit level for the first time since October 2006 in December, economists were predicting further improvement in January. The actual reading, however, was significantly weaker at 97.9. That 3.1 point miss relative to expectations was the biggest miss since November 2012. While this morning's report was a disappointment, the headline index still remains above its average of 96.1 dating back to 2000.
Regards,
Ted
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