More signs that we are headed for economic trouble. The big boys are desperately trying to hide it all so they can salvage as much as they can before the leave the little people holding the bag.
Some of these corporate giants are cutting their ads because customers are losing discretionary income.
Others may be cutting their ads because they don't NEED ads right now. Does Domino's Pizza really need to advertise at a time when restaurants are closed for sit-down service all over the country?
More signs that we are headed for economic trouble.
***************
FYI...The Fed’s Secondary Market Corporate Credit Facility is going to start purchasing exchange-traded funds that are invested in corporate debt.
Fed buying ETF’s. Think about the implications of this. The formerly furtive Plunge Protection Team is now out in the open.
I think a wave of bankruptcies is heading our way. JMHO.