Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
“Optimism is the madness of insisting all is well when we are miserable.”
-Voltaire
Voltaire died in France in 1778, but his dark quote about optimism lives on in Washington, D.C. this morning. Depending on their political partisanship and ideology, some people over there are just downright miserable.
In other unemotional, apolitical, and non-fake-news, US Small Business Optimism (NFIB reading which is in the Chart of The Day) ripped to an all-time high yesterday. The November reading on “hiring plans” was also an all-time high.
The US stock market ramped to a freshly squeezed all-time closing high (again) of 2664 for the SP500 as well. With a most recent headline of +3.3% GDP and US corporate profits #accelerating for 5 quarters in a row, I guess the optimists didn’t really need “tax reform.”
