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Afternoon Note

Train Leaving the Station Again

By Charles Payne, CEO & Principal Analyst
9/12/2017 1:50 PM
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The market is firing on all cylinders in part to business confidence remaining at elevated levels, including small business optimism.  The National Federation of Small Business Optimism Index is hanging at levels established with the election of President Trump despite the fact small businesses might get the short end of the stick, again. 

Obamacare rules continue to crush small businesses, and there is a greater focus on tax rates of big businesses than pass-through business.   Nonetheless, small business is forging ahead:

The only negative is employment at 18,  -1 from the last day in June.  

United States Nfib Business Optimism Index

Meanwhile, new highs beget new highs, and the train feels like it’s moving out of the station once again.  What money manager could afford to miss the next trip?  So many are trailing the broad market, that at some point, they will all blink. 

Of course, you are already in the market. 


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