Corporate profits are often used as an indicator of general economic health. And, typically, a strong economy is a large driver of stock prices. But if you look at all the factors in this equation, something isn’t adding up.
The S&P 500 is hovering near all-time highs, up about 9% from two years ago, and down only slightly this year. But data over the last week shows that U.S. corporate profits are struggling big time. And it isn’t just energy companies.
