New Focus report - The US profits boom

In a new Focus report by Chief Economist John Calverley we look at the rapid growth in US profits reported for Q2 - up 20-30% year-on-year depending on which measure is used. We look at the underlying macro drivers as well as equity sector details. Fast-rising profits have actually lowered equity valuations on some measures, though they are still relatively high historically. But profits are also very high historically, in fact never higher as a percentage of GDP. For a complimentary copy please email info@tricio-advisors.com