Latest macro: A deep dive into US profit margins and earnings. When detrending margins, they don’t look so hot for this stage of the cycle

via @ericbeebo:

Companies with fatter margins may be maintaining them for not-so-good reasons: declining competition

READ  How Will the Fed Deal With This Latest Bout of Inflation?

Watch trends in NIPA earnings and margins — they lead the S&P, and the S&P in turn leads the MSCI World

READ  IRS Will Panic After Hearing Biden’s Latest Gaffe - It Will RUIN Them!

A top-down macro view of the earnings outlook…ain’t too darn pretty



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.