Regrettably, the winter storms in the mid-Atlantic this week interfered with the CFA Lobby Day and Forum, which had been scheduled for March 14 – 15 in Washington DC. The event has been postponed until October of this year. We will get the new information out to you closer to that time. We noted this month that small business lending was down for the month of January to its lowest level in three months. The data in the Thomson Reuters/PayNet Small Business Lending Index for January is the last before we start to see some effect from the Trump Presidency – the index measures the net volume of loans to small businesses and provides an in-depth understanding of where the economy stands in the business cycle.