CHART OF THE DAY: Nosedive → Small Business Sentiment

06/15/22 08:22AM EDT

Below is a chart and excerpt from today's Early Look written by Hedgeye Director of Research Daryl Jones. 

In the Chart of the Day below, we highlight yesterday’s small business sentiment forward outlook, which came in at -54. This is the lowest reading on this survey going back to 1990. That's on the heels of Friday’s Michigan Consumer Sentiment survey, which came in at +50.2 and was literally the lowest reading in more than 42 years of this data.

CHART OF THE DAY: Nosedive → Small Business Sentiment - yh1

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