Following a volatile Monday that saw the Dow Jones Industrial Average rebound from a session low that was 500 points off to closing the day up 34 points, Tuesday features a major economic data release with NFIB Small Business Optimism for November due out. As we stated in yesterday’s note titled Continuing “go around” as we wait for rally requirements, the NFIB cycle high leads a recession by a median of 41 months on average. As of now we reached a cycle high for NFIB in August.
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