QQQ - Sentiment Slump From The Little Guys

2024-02-14 00:30:00 ET

Summary

• At the headline level, the NFIB report came in weaker than expected, with optimism dropping to 89.9 versus expectations of an increase to 92.3.
• Under the hood, that weaker sentiment number was a result of overall bad breadth, including a couple of sizeable moves.
• The single largest move in January was the drop in expected real sales. That index went from a reading of -4 down 12 points to -16.

The NFIB published its latest Small Business Economic Trends report covering sentiment among small businesses on Wednesday morning....

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