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Not only has the market value of U.S. common stock set a new record high, so have the core pretax profits
of U.S. corporations. Third-quarter 2020’s core pretax profits were much greater than anticipated. Rather
than incur a widely expected year-to-year decline, core pretax profits managed to grow by 3.3% from a year
earlier in the third quarter to a new record high.
Read this and more in the Full Moody's report below.
