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
Trump “POPEING” him out
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