This is a similar indicator but potentially a better one than just GDP: https://fred.stlouisfed.org/series/CPROFIT https://fred.stlouisfed.org/series/CPROFIT I

This is a similar indicator but potentially a better one than just GDP: https://fred.stlouisfed.org/series/CPROFIT https://fred.stlouisfed.org/series/CPROFIT If you overlap it with the stock market, the only other time in US history where stock continued to go up for multiple years where corporate profit stagnated is 1999. Normally the stock market and corp profits line up somewhat strongly.