According to The Kobeissi Letter, the NFIB Small Business Uncertainty Index rose by 14 points in January, reaching 100, marking the third-highest level in history. This significant increase is the largest monthly rise on record, surpassing the spikes seen during the 2020 pandemic and the highs in 2017. This heightened uncertainty could potentially influence market volatility and trading strategies, particularly in sectors reliant on small business performance.

According to The Kobeissi Letter, the NFIB Small Business Uncertainty Index surged by 14 points in January, climbing to 100, which is the third-highest level in history. This represents the largest monthly increase ever recorded and surpasses the spikes seen during the 2020 pandemic and the previous high in 2017. Traders should consider the implications of heightened uncertainty on market volatility.