Shocking stat of the day:
— The Kobeissi Letter (@KobeissiLetter) June 12, 2024
42% of US small-cap companies are unprofitable, the most since the 2020 pandemic when 53% of small caps were losing money.
At the same time, only 10% of the S&P 500 firms and 20% of mid-caps are unprofitable.
By comparison, during the 2008 Financial… pic.twitter.com/vG1SuBpm00
In Russia, back to the Middle Ages??
https://www.dailymail.com/news/article-16182289/Russian-hospitals-hundreds-people-quarantine-amid-fatal-pneumonic-plague...