Thanks for the chart.
I look at this completely different than you have.
The reason Corporations have poured money into US Equities may be that they can’t get a better or similar return than if they re-invested that money into their business. The Corporate Tax cuts could provide an incentive to move those funds from a Passive investment to something that would produce the growth we have been missing for nearly 10 years.
Also, please look at that link from Zerohedge I posted. Gary Cohen asked for a show of hands how many of the CEOs were going to re-invest for growth.
Almost no hands went up, and he was embarrassed and shocked.
The Corporate Tax cuts could provide an incentive to move those funds from a Passive investment to something that would produce the growth we have been missing for nearly 10 years.
Or they are just going to buy back more of their own stock and line their own pockets.