With Donald Trump set to give his State of the Union address, Democrats and Independents have gone from positive in 2017 to negative in 2018, while Republicans have gone in the other direction.
Gallup has done a deeper dive into the data in its latest poll, which I highlighted last night. The numbers show small businesses content with the state of the economy, giving the Trump Administration high marks in this area.
Small business optimism is at a 10-year high on the eve of the latest US GDP report - another bullish indicator. Inflation is the key to how this impacts bonds longer-term.
Probably not. As Mnuchin and President Trump have done before, a distinction was drawn between short- and longer-term perspectives.