With the Dow hitting record highs, the “Trump Bump” is helping businesses prepare for the possibility of a brighter future with tax breaks expected to hit the market early next year. In addition to the markets, small business confidence is at a 5 year high in terms of month-to-month jump.
“The National Federation of Independent Business’s small-business optimism index rose to 98.4 last month from October’s 94.9,” indicating a link to “possible expansion, earnings trends and current job openings.” Experts look to the NFIB index to gauge the short term future of small business in America. In the past few months leading up to the election the indices were split with half increasing and half decreasing. For the month of November, “eight of the 10 small-business optimism index’s components posted a gain, while one declined and another remained unchanged.”
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