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, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #10 in CNBC's 2019 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.