Record number of U.S. corporate giants lost money in pandemic

Bloomberg/Ryan Vlastelica/10-14-2020

graphic image of amber traffic light“Forty-three of the 345 companies with a market valuation above $25 billion have posted cumulative losses over the trailing 12 months worth of reported results, according to an analysis of Bloomberg data as of Oct. 13. At the start of 2020, only 14 companies fit the bill.”

USAGOLD note:  Is it fair to ask why this economic fact of life is not reflected in the stock market indices?  And what happens when the reality finally does finally register on Wall Street?

 Repost from 10-16-2020

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