Best Sign of Bull Market?
There are plenty of strong economic indicators these days, but perhaps none more impressive than the soaring NFIB Small Business Optimism Index. On Tuesday morning this reading went from 98.4 all the way up to 105.8 for the best reading since December 2004...yes, the best showing in twelve years.
Why is this so bullish?
Small business is still the main driver of jobs and economic growth in the US. Thus, if these business owners are feeling this optimistic you can expect a lot more spending, investment and job growth ahead. The sum total of these moves should equate to higher economic growth and earnings growth and share price gains.
Best,
