Economic collapse news. Mass layoffs have been moving through the banking sector now we have Citi Bank after reporting a serious decline in trading revenue has decided to cut 10% of their staff and downsize a portion of their trading department. Stocks seem unaffected This news comes as 60% of S&P 500 companies Have issued negative earnings revisions. The earnings recession is here, This number hasn't been this high since 2011. I think some of the other systemic problems were having and The Big banks issuing major job cuts something is happening.
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Economic collapse news. Mass layoffs have been moving through the banking sector now we have Citi Bank after reporting a serious decline in trading revenue has decided to cut 10% of their staff and downsize a portion of their trading department. Stocks seem unaffected This news comes as 60% of S&P 500 companies Have issued negative earnings revisions. The earnings recession is here, This number hasn't been this high since 2011. I think some of the other systemic problems were having and The Big banks issuing major job cuts something is happening.
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