As always, with the first report of quarterly GDP we estimate domestic corporate profit growth – the key lead indicator in a capitalist economy! This quarter, profits as a share of GDP broke through 12%, to a record high. The key driver was a brisk 5.6% nominal growth rate – driven by a booming 23.9% annualized gain in equipment spending and a 10.5% gain for intellectual property. Nominal consumer spending rose at a 6.1% annual rate, though compensation was limited to 4.0% gr

June 6th, 2021 Today, it is with great sorrow that we announce the passing of Charles McVean, founder, Chairman and CEO of McVean Trading...

November 25th, 2013 Ginger Szala, Michael McFarlin Futures magazine Five years is a long time. Think about it: In 2008, the financial...