SMALL BUSINESS OPTIMISM INDEX AT MULTI DECADE HIGH
MATA: SENTIMENT - CONSUMER CONFIDENCE
October 2018 - Doug Short - "Consumer Confidence Up Again in October"
MATASII ANNOTATED CHART
The Small Business Optimism Index is presently at a Multi-Decade High.
The correlation between consumer confidence and small business sentiment (the latter by way of the National Federation of Independent Business (NFIB) Small Business Optimism Index) illustrates that the two have tracked one another fairly closely since the onset of the Financial Crisis, although a spread appears infrequently, with the most recent spread showing up 2015 through 2017.
Note particularly that the last time Consumer Confidence was this high during the Dotcom Bubble the Small Business Optimism Index was significantly and eerily lower!