Whether it's Hillary Clinton or Donald Trump, the next president needs to eliminate uncertainty regarding taxes and regulation, according to the head of the Small Business and Entrepreneurship Council. Karen Kerrigan, president and CEO of the organization, says small business owners are also concerned about increasing healthcare costs and access to capital. According to the group, there were fewer small businesses in 2014, according to the latest Census Bureau data, than there were in 2007. "There really hasn't been the traction in the economy necessary that has made small business owners confident and comfortable,' explained Kerrigan. She says while both candidates have discussed fallout on small business lending from the Dodd-Frank law, neither have addressed another key issue related to small business finance. "I think another issue is the new way entrepreneurs are raising capital, (through) online platforms, crowdfunding." She says the next president should allow that market to develop without heavy regulatory burdens, and some current business regulation needs a second look. Kerrigan also says an increasing number of business owners want access to global markets, and they are concerned about what they are hearing from both candidates regarding trade, fearing a move toward protectionism. TheStreet's Rhonda Schaffler has details from Wall Street.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.