Despite the majestic efforts at jawboning 'markets' higher with constant reassurance that infinite QE will come 'we promise', it seems the real economy - full of small businesses and job creators - hasn't got the message. As while equities trade at multi-year highs, small business optimism just printed at its lowest in 9 months. Trickle-down QE doesn't seem to be taking hold among the dismal reality in which we all actually live - as opposed to the vacuum tune hyperplane that stocks exist on.
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Chart: Bloomberg