Careening Toward The Deep End

With 97% of companies reporting, it appears that aggregate S&P 500 net income posted at a paltry $661 billion annualized rate in Q1. That’s down 50% from the Q4 2019 level of $1.289 trillion, and marks the lowest posting since since Q4 2009 when the US economy was deep in the Great Recession swamp. But […]
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