Small business owners remain very pessimistic about economic prospects this year and did not notice the third quarter surge in the economy last year that the government reported. When Trump won the 2016 election, small business optimism surged to a 50-year record high level. NFIB’s Small Business Optimism Index jumped from 98 in November 2016 to 106 in December and stayed well above 100 until March 2020 when it plunged to 96 due to Covid shutdowns. The election in November is likely to have a major impact on optimism, spending, and growth once again. In 2023, the Index averaged 91, the 50-year average is 98 (yup, 50 years collecting information from random samples of our roughly 300,000 me
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