Small Companies Cut 120,000 Jobs as Economic Divide Widens
- Job Cuts in Small Firms: According to ADP, small businesses in the U.S. have been cutting jobs every month for the past six months, with 120,000 jobs lost in November alone, highlighting the survival challenges faced by these companies under economic pressure.
- Declining Profitability: The Bank of America Institute reported that small companies' earnings are slightly down from last year, while net income for S&P 500 companies surged by 12.9% in Q3, illustrating the widening profitability gap between large and small firms.
- Changing Consumer Behavior: Small businesses are experiencing a significant drop in holiday hiring, with Almost Famous Popcorn's CEO noting only 4 to 5 seasonal hires this year, indicating a shift towards cautious consumer spending that adversely affects sales and operations.
- Tariff Pressures Intensify: Small firms are grappling with the compounded effects of tariffs, labor shortages, and rising costs, as evidenced by Total Promotion Co.'s CEO stating that tariffs have led to losses and layoffs, reflecting the vulnerability of small businesses in a deteriorating economic environment.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000293 | 0.0143 | 0.0254 | 0.0394 | 0.0505 | 0.0645 | 0.0756 |
| Fibonacci | 0.0143 | 0.0239 | 0.0299 | 0.0394 | 0.049 | 0.055 | 0.0645 |
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