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Profits, GDP, Markets
David R. Kotok, August 11, 2024 (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) Profits and GDP help explain the stock market rally of the post-Covid period. Corporate earnings come from these profits. The computation of profits in the National Income and Product Accounts (NIPA) are derived from…