Uploaded August 2026 | Updated September 2026, 2 weeks ago
S&P 500 record highs keep coming because corporate profits are rising, the same signal that faded ahead of past recessions.
Michael Lytle, Chief Investment Officer at StoneX Wealth, explains the corporate profit trend behind the record run and what a pivot in it would mean for risk taking.
Year-over-year corporate profit growth rolled over ahead of the past two organic recessions, with only the COVID-19 shutdown breaking the pattern. Large-cap technology companies dominate the current gains, while policy rate uncertainty, rising commodity prices, and the conflicts in the Middle East and between Russia and Ukraine remain the risks markets are looking through. The chart, highlighted by BCA Research, is the measure to watch.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/products/stonex-essential-bundle?selling_plan=4455759972&variant=45955323625572&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_lytle&utm_content=share
00:00 - S&P 500 Racks Up 31 Records
00:25 - One Chart Behind the Rally
00:49 - Profits Fell Before Recessions
01:08 - Risks Markets Look Through
01:30 - The Signal That Moves Risk
Like and subscribe for more financial market insights.
#SP500 #StoneX #MichaelLytle #Recession
S&P 500 record highs keep coming because corporate profits are rising, the same signal that faded ahead of past recessions.
Michael Lytle, Chief Investment Officer at StoneX Wealth, explains the corporate profit trend behind the record run and what a pivot in it would mean for risk taking.
Year-over-year corporate profit growth rolled over ahead of the past two organic recessions, with only the COVID-19 shutdown breaking the pattern. Large-cap technology companies dominate the current gains, while policy rate uncertainty, rising commodity prices, and the conflicts in the Middle East and between Russia and Ukraine remain the risks markets are looking through. The chart, highlighted by BCA Research, is the measure to watch.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/products/stonex-essential-bundle?selling_plan=4455759972&variant=45955323625572&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_lytle&utm_content=share
00:00 - S&P 500 Racks Up 31 Records
00:25 - One Chart Behind the Rally
00:49 - Profits Fell Before Recessions
01:08 - Risks Markets Look Through
01:30 - The Signal That Moves Risk
Like and subscribe for more financial market insights.
#SP500 #StoneX #MichaelLytle #Recession
