Trumphoria Sends Small Business Optimism Soaring Most Since 1980

Since Donald Trump won the US election, small business optimism has exploded higher (from 94.9 in Oct to 105.8 in Dec). At the most optimistic since 2004, the last 2 months have seen the biggest spike in hope since 1980's Reagan era spike.

Notably, as @SentimentTrader notes, extreme small business optimism preceded: the '87 crash, '95 rally, '97 crash, '98 crash, '00 crash, and the '03-'06 rally.

With 50% expecting a better economy - the third highest number in history - we do however note that expectations for earnings remain negative.

Put differently, as far as sentiment goes, it doesn't get much better than this.