DOLLAR GAINS WORLD PAINS: U.S. Dollar is Losing and Danger is Getting Worse
ITM Trading Podcast
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Corporate Profits After Taxes
We're in the middle of earning seasons, and it's pretty abysmal for a lot of corporations. Firms have enough exposure overseas that a stronger green back, a stronger dollar, materially hurts their earnings per share because so much of their income is earned over seas. So the corporat profits are being hurt for a number of level reasons. But this is 20 20. This little gray line here is 2020. And what should be very apparent to you when you look at this graft is how important corporate profits are to the central banks. That's really whose benefit fitted in this k shape recovery, as they call it. Many say that business is using conditions to increase their profits.
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