Corporate profits lead stock prices, year-end 2016 update
-by New Deal democrat
Corporate profits, as a long leading indicator, tend to lead stock prices, which are a short leading indicator. I've updated this analysis through year-end 2016, This post is up at XE.com.
As an aside, I will post my forecast for the second half of 2017 once Q4 GDP, which will include the long leading indicators of private residential investment and proprietors' income, is reported in two weeks.