Corporate Profits Snap 5 Straight Quarters Of Y/Y ↓ – Will Be Difficult To Sustain Momentum

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U.S. corporate profits adjusted for inventory and depreciation in 3Q16 grew the most quarter-over-quarter since 2Q14.  They rose 6.6 percent to a seasonally adjusted annual rate of $2.15 trillion, breaking five consecutive quarters of year-over-year decline (Chart 4).  Profits peaked … Continued