..earnings recession has been experienced by smaller businesses for some time now
..yet some are hopeful that rate cuts would spur small caps rally.
..rate cuts may have arrived a little too late for them. And that's assuming rate cuts are passed down to them.
US SMALL FIRMS PROFITS FELL TO THE LOWEST SINCE THE FINANCIAL CRISIS
Net 37% small businesses reported falling earnings in August, the most since January 2010.
This is also one of the worst readings in over 50 years.
Expect the job market to deteriorate even further.
