Monday, July 9, 2018

The US Cos in the Big 3 US States ..... California, New York and Texas ..... With March, April or May Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $1 Bil and Which Have Released These 2018 Quarter Earnings By July 5, 2018 Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of $206.0 Bil, Up 16.7% From Their Previous Year's Quarter Total PTI of $176.5 Bil. This Was All Driven Predominately By Texas Big Oil & Gas, California Big Tech and New York Big Financial. .......................................................................................

On the Other Hand, the US Cos in the Other US States With March, April or May Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $1 Bil and Which Have Released These 2018 Quarter Earnings By July 5, 2018 Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of $248.1 Bil, Up a Much Lower 8.8% From Their Previous Year's Quarter Total PTI of $228.0 Bil.  And the Earnings Quality of This 8.8% Earnings Growth Was Generally Very Poor.  .......................................................................................


When the Companies in the Big 3 US States generate Total PTI which comprises a huge 45.4% of Total PTI of all US Companies, when the Total PTI Growth in the Current 2018 Quarter of the Companies in the Big 3 US States of 16.7% is nearly double that of the 8.8% Total PTI Growth of the Companies in all other US States, and when the Earnings Quality of the Companies in all other US States is substantially below that of the Companies in the Big 3 US States and some other metropolitan areas like Seattle and Chicago, the clear conclusion is that US Capitalism is not working properly and neither is the US Government, and US citizens in all US States other than the Big 3 US States, Seattle and Chicago are generally getting shafted economically.  It's that simple.