Today’s GDP release (Q4, 3rd Estimate) was accompanied by the BLS Corporate Profits report for the 4th quarter and full year.
Of course, there are many ways to adjust and depict overall Corporate Profits. For reference purposes, here is a chart from the St. Louis Federal Reserve (FRED) showing the Corporate Profits After Tax (last updated 3/28/13, with a value of $1773.7 Billion) :
Here is the Corporate Profits After Tax measure shown on a Percentage Change from a Year Ago perspective:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1568.94 as this post is written