Back to Goepfert and the inherent challenges of using this data: “The bottom line to me is that whatever your bias is heading in, you can probably find something in the data. But as an objective, consistent measure I don't find it helpful.”So although President Trump may like what he sees in the small-business survey, it contains little if any usable information for investors trying to decide where to put their capital.
This column was provided by Bloomberg News.