FYI: This morning’s release of the NFIB’s monthly report on small business optimism came in higher than expected, rising to 105.9 from last month’s reading of 105.8 and above the consensus expectation of 105. While the index didn’t rise, it did hold on to the post-election surge, which is impressive on its own. At current levels, small business optimism is at the highest level since December 2004 and not far below the post-2000 high of 107.4. Going forward, the improved sentiment on the part of businesses should translate into better economic data. The key word here is should. Any signs that this improved sentiment is not translating into better data, will be greeted harshly.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/small-business-optimism-maintains-post-election-spike/
