According to the NFIB survey of small businesses out yesterday, small business optimism is losing upside momentum. The 3-month moving average of small business optimism turned sharply lower in recent months after peaking in February. Small business optimism is still off of the deeply depressed levels where it languished for much of this “recovery,” but the recent trend does not send an encouraging message.
The following two tabs change content below.
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.