US Small-Business Optimism Highest in 10 Years

US Small-Business Optimism Highest in 10 Years

US Small-Business Optimism Highest in 10 Years

$DIA, $SPY, $QQQ, $VXX

US President Donald Trump’s vow to slash business regulations drove small-business optimism in January to the highest marks in more than 10 years.

Monday, we saw the executive order that was just signed on slashing the regulations that have been choking small businesses, and in the past 2 months since the election the small-business index has gone up, that is good news, that is likely translate into jobs.

The Paychex Report, released Tuesday, showed the Paychex/IHS Small Business Jobs Index rising to 100.62, up 0.13% in January, the 2nd month in a row to see improvement since February 2016.

President Donald Trump signed an order Monday designed to slash federal regulations

The President’s executive action will require that agencies cut 2 existing regulations for every new rule introduced and it will set an annual cap on the cost of new regulations.

For the rest of FY 2017, the cap will require that the cost of any additional regulations be completely offset by undoing existing rules.

The move does not cover independent agencies that crafted many of the rules required by the 2010 Dodd-Frank Wall Street reform law, including the Securities and Exchange Commission and the Commodity Futures Trading Commission, the White House said. Those will require separate actions

“There will be regulation, there will be control, but it will be normalized control,” President Trump said as he signed the order in the Oval Office, surrounded by a group of small business owners.

During a meeting with the business owners, President Trump described the Dodd-Frank law as “a disaster.” He asserted that it was “almost impossible now to start a small business and it’s virtually impossible to expand your existing business because of regulations.”

 

Respected economic gurus explain that the regulation strategy is all part of the President’s plan to truly “Make America Great.

A tax cut plus deregulation will give us 3.5% GDP.

Be patient and give him time, and tune out the noise.

Tuesday, the US major stock market indexes finished at: DJIA -107.04 at 19864.22, NAS Comp +1.07 at 5614.78, S&P 500 -2.03 at 2278.87

Volume: Trade on the NYSE was heavy with about 1.50-B/shares exchanged

  • Russell 2000 +0.3% YTD
  • DJIA +0.5% YTD
  • S&P 500 1.8% YTD
  • NAS Comp 4.3% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Neutral (0.21) Neutral (-0.24) Bullish (0.28) Very Bullish (0.58)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Neutral (0.19) Neutral (-0.02) Neutral (0.23) Bullish (0.38)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.43) Bullish (0.34) Bullish (0.42) Very Bullish (0.53)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.28) Neutral (-0.18) Very Bearish (-0.55) Neutral (-0.11)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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