Charles Payne's Market Commentary

Market Commentary

Small Business Optimism Holding On

By Charles Payne, CEO & Principal Analyst
10/10/2017 12:48 PM

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Small business optimism is hanging tough, but the read from the National Federation of Independent Business flashed a couple of yellow flags:

Sales expectation 15, -12 points
Time to expand 17, -10 points

Small business is the driver of the U.S. economy and stands to benefit the most from the Trump economic agenda. After eight years of misery, these hearty folks are ready to grow and make the investments needed to achieve success. They can’t remain optimistic, however, indefinitely.

That creeping anxiety seen in the small business optimism index is also being seen in today’s session where a big rally faded quickly. It’s normal action considering the length of the rally and oncoming wave of earnings results.

Comments

It appears the congress is unable to even write a tax bill let alone pass one. It seems the swamp is deeper than first thought and the American people will continue to suffer. I wonder if breaking the tax bill into smaller pieces ie: corporate taxes rates, repatriation from abroad etc. would be a better way.

David Howley on 10/10/2017 1:40:14 PM

I've advocated for a small piecemeal deal from the start not unlike the approach Reagan took. Success begets success. CP

Charles Payne on 10/10/2017 1:46:22 PM

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