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
CEO Business Confidence Expectations for Economy The current landscape suggests a cautious yet optimistic outlook among CEOs, which could lead to increased economic activity and investment as businesses prepare for potential growth. Image: Goldman Sachs Global Investment Research
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
U.S. Real Business Investment While some companies have demonstrated high levels of capital expenditure in the United States, the overall trend remains modest since the 2020 recession. 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
Inflation – ISM Services Business Prices vs. Copper The rise of copper prices is a cause for concern as it can lead to higher prices for a variety of goods and services. Image: Steno Research
U.S. Business Cycle – Cross-Asset Cycle Indicator The Morgan Stanley’s U.S. cycle indicator has moved into the downturn phase. Should investors favor fixed income over equities? Image: Morgan Stanley Research
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 Small Business Sentiment U.S. small business sentiment is a recessionary warning. Image: BofA Global Investment Strategy
CEO Confidence vs. U.S. Business Capex Weak CEO confidence does not bode well for capex. Image: Gavekal, Macrobond