Evidence suggests that corporate earnings are closer to a cyclical peak than a trough.

Do you think U.S. corporate tax reform is coming before mid-term elections?  No?  You aren’t alone.   In my latest Bloomberg Prophets post, I explain why this topic is so important to investors.  Corporate profit margins are toppy, wage and commodity inflation is grinding higher, and valuations are steep.  U.S. stocks could certainly use a new catalyst, and tax reform fits the bill.  Click below to see the full note.

https://www.bloomberg.com/view/articles/2017-09-11/stocks-need-tax-reform-now-more-than-ever