NFIB Confidence vs. U.S. Small-Cap Stocks The annual rate of change in the NFIB Small Business Survey is closely correlated with the performance of U.S. small-cap stocks, making the NFIB index a valuable economic indicator for investors in this market segment. Image: Real Investment Advice
NFIB Small Business Confidence Index In December 2024, the NFIB Small Business Optimism Index soared to 105.1, a six-year high, as small business owners’ confidence surged following the recent election and expectations of pro-business policies. Image: Real Investment Advice
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
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 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
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
Fed Funds and NFIB Jobs Hard to Fill Is the Federal Reserve behind the curve? Image: BofA Global Investment Strategy