A golden age of corporate profits

Axiosen

A golden age of corporate profits

Data: U.S. Bureau of Economic Analysis, FactSet; Chart: Axios/Matt Phillips; Note: After-tax profit data includes inventory and capital depreciation adjustments. Corporate America is raking in record profits, luxuriating in luscious margins and capturing the largest chunk of the country's income on record. Why it matters: The corporate bonanza is bolstering the stock market, but it may also be playing a role in the persistently sour sentiment among the American electorate. The latest: Tuesday is the unofficial start of third-quarter earnings season as JPMorgan Chase, Goldman Sachs and others report results. Zoom in: Wall Street expects the members of the blue-chip S&P 500 index to continue t

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