We got your profit margins right here:


Profit margins for companies in the S&P 500 Index rose to 11.7% in the 2nd quarter,  their highest level in history.

Rollbacks matter...

Very bullish, but, there’s this from legendary investor Jeremy Grantham “Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert,  then something has gone badly wrong with capitalism.” 

Invest wisely my friends.

More on Jeremy Grantham:   www.wikipedia.com

Hat tip Charlie Bilello