Corporate Profits - S&P 500 Index Trailing 12-Mo. Operating Margin and U.S. CPI Less U.S. PPI

The gap between CPI and PPI is deeply negative. Are U.S. coporate profits at risk in the next 12 months?

Image: Morgan Stanley Wealth Management

S&P 500 Index Trailing 12-Mo. Operating Margin and U.S. CPI Less U.S. PPI