Retailors Suggests That Real Recession Is Just Beginning
The Broad Market Index was down 0.96% last week and 54% of stocks out-performed the index. Q3 2020 hedge fund letters, conferences and more The Real Recession Is Just BeginningFor now, investors stand on the edge of an amazing precipice with many companies recording dramatic drops in revenue thereby executing crisis decisions. Many insolvent companies (negative operating cash flow) and those with steeply negative sales growth are laying off production labor (producing a higher gross profit margin) and white-collar labor (lower SG&A expenses). These and other measures taken since the appearance...