The (Corporate) World According To COVID-19

The (Corporate) World According To COVID-19

Of 345 publicly-traded companies in the US with market caps greater than $25 billion, 43 of them logged a trailing, 12-month cumulative loss as of October 13. That figure (43) is more than triple the comparable total from January. This isn't just a consequence of plunging profits due to the pandemic. It's also a reflection of how changes in work arrangements and consumer behavior have shifted the operating environment in favor of companies that benefit from digitization and virtual interaction
Every story you need, no story you don't. It's that simple. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

One thought on “The (Corporate) World According To COVID-19

  1. I love this Kocic line “In a debt driven economy, the art of central banking is a technology of decelerating breakdown.” I felt that way about the Obama administration, they were practicing the art of decelerating the decline of our nation’s hegemonic power. And, mind all, did a credible job of it.

    Re oil, it’s not going away. Consumption was at, what, ~85Mbpd pre pandemic. All the ESG, flying electric cars, melting ice sheets, and irreversible climate change aside, oil will be back, albeit on a lower trend line. When vaunted investors refer to the “energy sector,” they mean oil, and it’s shaping up to be a trade of a lifetime.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints