FYI: There is no leadership in Washington, no articulation of a path to a better future, no evidence that policy-making is coordinated or focused on promoting growth or job creation. Important government institutions are mired in scandal and inaction, voters have lost confidence (20 percent of consumers think government policy is “good”, 41 percent think it is “poor”). The prospects that strong, unifying leadership will emerge after the election appear to be poor.”
That statement above really doesn’t give you a warm and fuzzy feeling towards the economy, does it? In spite of the weak commentary, today’s release of the monthly NFIB Small Business Optimism Index actually saw a slight bounce from last month. After making its largest peak to trough decline of the recovery, the index rose from 92.6 up to 93.6 in April, which was 0.6 above expectations. Even after this month’s bounce, the index remains well below its long-term average of 96.0 going back to 2000.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/nfib-bounces/
