Daily Charts - US Corporate Profit Margins

Callum_Thomas
01-27 07:32

1.US Corporate Profit Margins

-tech has found a new higher plateau

-non-tech has trended up over time

Thank you 🙏

-lower interest rates

-lower tax rates

-higher productivity

-higher share of global revs

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2.One reason for US equities outperforming Global equities for much of the past 10-15 years has been the consistently higher profitability

US RoE out-punches the rest.

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3.The Great Deleveraging

Thanks to scars of the financial crisis spurring folk to be more prudent with debt and of course — more-to-the-point: the dream run in stocks and property on the asset side...

US household leverage (as measured by debt as a % of assets) has dropped to multi-decade lows.

Who da thunk it.

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