BERNIE SANDERS: "Are Elon Musk, Jeff Bezos, and Mark Zuckerberg too wealthy and powerful? Do you agree with President Biden about an oligarchy?" .......BESSENT: "Well, I would note that President Biden gave the Presidential Medal of Freedom to two people who I think would qualify for his oligarchs." - Sky-Tide Media

BERNIE SANDERS: “Are Elon Musk, Jeff Bezos, and Mark Zuckerberg too wealthy and powerful? Do you agree with President Biden about an oligarchy?” …….BESSENT: “Well, I would note that President Biden gave the Presidential Medal of Freedom to two people who I think would qualify for his oligarchs.”

BERNIE SANDERS: "Are Elon Musk, Jeff Bezos, and Mark Zuckerberg too wealthy and powerful? Do you agree with President Biden about an oligarchy?" .......BESSENT: "Well, I would note that President Biden gave the Presidential Medal of Freedom to two people who I think would qualify for his oligarchs."

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Small-cap companies’ earnings remain weak: 12-month forward EPS of the Russell 2000 firms fell to $1.48, near the lowest since 2021. At the same time, the S&P 500’s EPS rose to a record $2.16, or ~46% higher. Since March 2022, when Fed rate hikes began, small-cap earnings are down 22%.

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Here is a look at oil tankers sanctioned by the US. If sanctions stay in place under Donald Trump the measures have more chance of disrupting Russia’s exports of petroleum than anything done by any western power so far. Is 270 tankers a lot?

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