Sentiment – NFIB Small Business Optimism Index In November, the NFIB Small Business Optimism Index increased by 8 points to 101.7, driven by the recent election results, potentially boosting employment, investment, and economic activity. Image: J.P. Morgan
Sentiment – NFIB Small Business Optimism Index The NFIB Small Business Optimism Index increased by 2.2 points in October, reaching a level of 93.7. This rise in optimism among small business owners is a step in the right direction. Image: The Daily Shot
Recession – NFIB Sales Expectations Optimism among U.S. small business owners regarding future sales has significantly declined, with many anticipating a drop in revenues over the coming months. Image: Real Investment Advice
NFIB Small Business Confidence Index With the NFIB Small Business Confidence Index at 91.5 in September, often linked to recessionary periods, U.S. small business owners appear increasingly pessimistic about both their businesses and the broader economic landscape. Image: Real Investment Advice
NFIB Small Business Availability Loans vs. U.S. Initial Jobless Claims When interest rates are high, weak credit conditions can greatly affect the economy, potentially resulting in increased unemployment. Image: BofA Global Investment Strategy
NFIB Confidence vs. U.S. Small-Cap Stocks There is a good correlation between the annual rate of change in the NFIB Small Business Survey and U.S. small-cap stocks. Image: Real Investment Advice
Net % Bank Easing Standards for Small Business vs. NFIB Small Business Optimism Tighter lending standards have an impact on small business optimism. Image: BofA Global Investment Strategy
S&P 500 Net Margin and NFIB Small Business Survey: Demand vs. Wage Cost Composite (Leading Indicator) Is there a risk of further decline in S&P 500 margins? Image: Morgan Stanley Research
NFIB Price Plans and U.S. Inflation NFIB Price Plans tend lead U.S. inflation by 3 months. Image: Andreas Steno and Macrobond
Fed Funds vs. NFIB Small Business Jobs Hard to Fill Historically, higher wage inflation is associated with higher Fed funds. Image: BofA Global Investment Strategy
Labor Market – NFIB Small Business Jobs Hard to Fill and U.S. Unemployment Rate Are extra unemployment benefits the reason hiring is so hard right now? Image: Capital Economics