An all-time record setter
The NFIB reports that its latest Small Business Optimism index remained in the stratosphere for all of 2017, making last year an all-time record setter. NFIB President and CEO Juanita Duggan said, “2017 was the most remarkable year in the 45-year history of the NFIB Optimism Index. … With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans.” December’s Optimism Index was “slightly lower than the near-record November report” at 104.9.
Columbia Sportswear will provide uniforms for ski teams from the U.S., Canada, Belarus, Ukraine, Brazil and Kazakhstan at the Olympic Winter Games in South Korea next month. (PBJ)
Visa is increasing its contribution to its 401(k)-match program to up to 5% of employee salary, due to the recent passage of a new GOP-backed tax code. Visa contributes $2 for every $1 an employee contributes to the retirement savings of its U.S.-based employees. (FOX Business)
President Trump will attend the World Economic Forum in Davos, Switzerland later this month. Davos is seen as the ultimate meeting concerning globalization (CNBC)
The S&P 500 is down 11 and the NASDAQ is down 42. The MSCI international index is lower.
Oil is up 70 cents at $63.65 a barrel.
Gold is up $10 at $1323 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.