Tuesday, 2 October 2018

US corporate profit cycle due to resume the slide in 2019?

US corp profit cycle peaked in 2012.

Bounced a bit last year with the oil price recovery and has been massively juiced this year by Trump's fiscal stimulus.

But should start reverting lower towards longer run means in 2019/20 as Fed hikes and wages pick up. Just need to really see some movement on wages though.

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