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February 15, 2020 | It’s Not a Good Time to Start a Business

Mike 'Mish' Shedlock

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
The Bloomberg Startup Barometer, a measure of business environment health, is in a steep plunge.
The Bloomberg Startups Barometer is a weekly indicator that tracks the overall health of the business environment for private technology companies based in the U.S.The index peaked at 1545.32 on June 24, 2019.

On February 10, 2020 it fell to 833.74.

The Bloomberg Startups Index is down 25.45% from a year ago, but it’s down a massive 46.0% in just under 7 months.

This suggests it’s not a good time to start a technology business.

I propose it’s not a good time to be starting any business.

Mike “Mish” Shedlock

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February 15th, 2020

Posted In: Mish Talk

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