Two Good Economic Surprises

Published Friday, October 16, 2020, 10:00 p.m. EST

With Covid infections worsening and a pivotal national election only 18 days away, it was easy to miss the two good economic surprises this past week. From the perspective of investors trying to build wealth over the long run, here's what happened. Business owner optimism increased by +3.8 points in September, according to the National Federation of Independent Business (NFIB). Business owner sentiment is high versus its historical norm. Small businesses created 60% of all new jobs in the U.S. over the last decade, accounting for half of all employees in the U.S., which makes this a useful forward-looking indicator. Business owners already...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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