Today, Megan provides insights into the recent small business optimism survey. Unfortunately, optimism has seen a slight dip in August, affecting sentiment not only concerning the economic outlook but also expectations for earnings and higher sales. However, there's a significant and unexpected development in the survey - an increase in sentiment regarding higher selling prices.
For the past eight months, selling prices had been on a declining trend, but August marked a turning point with an increase in selling prices. Megan highlights that this is a development that the Federal Reserve is likely to monitor closely, particularly if it has implications for inflation data. The team at Verdence Capital Advisors will be vigilant in tracking this trend in the coming months.
If you have any questions or comments about this episode, please don't hesitate to reach out to us at podcast at verdence dot com. Thank you for joining us for this episode of "Markets with Megan."
https://youtu.be/sUgsWiQbxHI
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