The remarkable surge in small business optimism that began in November was sustained in March, according to the National Federation of Independent Business (NFIB) Small Business Economic Trends Report. The Optimism Index in March was 104.7. On the other hand, the Uncertainty Index hit 93 in March, which is the second highest reading in the survey’s history, as more small business owners are having a difficult time anticipating the factors that affect their businesses, especially government policy.

Inflation expectations are slightly lower. The 10-year breakeven inflation rate this week is slightly lower from 1.97% to 1.94% according to Federal Reserve Economic Data. The 1.94% level is below the Fed's 2% inflation target. (LPL Research)

We are out of the gates with earnings season.  Delta Air Lines had first-quarter profits of $603 million. The airline had sales of $9.2 billion in the period. Delta shares are down almost 8% since the beginning of the year. (AP)

Starting next week, Wal-Mart will give discounts on 10,000 online-only items if you pick them up at the store. The retail giant is also cutting hundreds of jobs to reduce costs. (CNBC)

Gold is at its highest level since November, up 10% this year, on the flight to safety against international uncertainty. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart