2q23,

Corporate profits decline 6.5% in 2Q23, worst since pandemic; Credit managers index nears recessionary levels… ‘September will be hell’

Global stock markets peaked a month ago at the end of July. Then fell for the first three weeks of August. Today, Nasdaq breadth was strongest since the market top. September will be hell. pic.twitter.com/FST2UcLsci — Mac10 (@SuburbanDrone) August 30, 2023 The FDIC is literally using the same script as 2020… They're changing the reserve …

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