No Help from Fundamentals.

NFIB Small Business Optimism Index (August 2016)

– Index level 94.4. Previous was 94.6

 

Redbook Chain Store Sales (week ended 9/10/2016)

– Store Sales year/year +0.4%. Previous was +0.8%

The most significant thing about the fundamentals is that they do not show the strength to justify a Fed hike.