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.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Can China’s Stop-and-Go Market Reforms Work Forever? - August 18, 2017
- Is China Hiding an Avalanche of Debt? - August 17, 2017
- How Will the World Handle Such Unprecedented Central Bank Balance Sheets? - August 16, 2017