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The Numbers

NFIB: Mixed Signals, No Macro Turn

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Maintain a modestly defensive stance as the NFIB shows no signs of a growth or labor-market re-acceleration. The November NFIB Small Business Optimism Index beat estimates, rising to 99.0 from 98.2 and slightly above its long-term average, but underlying…

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