Tuesday, April 11, 2023

Chart of the Day: Oof!!

Small business employs ~60% of American workers, and the National Federation of Independent Business (NFIB) is the go-to for sentiment in that space.

The NFIB monthly small business sentiment survey is an input to our own general conditions index... March's results were released this morning, and, well, OOF!!:

Note the present trend of our 3 metrics, and the trends heading into past recessions (red shaded areas):



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2 comments:

  1. SamApril 11, 2023 at 5:38 PM

    Thanks Marty! The picture does not look pretty!

    ReplyDelete
    Replies
    1. Marty MazorraApril 11, 2023 at 9:23 PM

      My pleasure Sam! Yeah, risk/reward right here isn't great

      Delete

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