Corporate Earnings versus Domestic Economic Growth

Increasingly, for many American firms, global sales matter more:

http://www.cnbc.com/2017/04/30/heres-why-earnings-are-so-outstanding-even-while-the-us-economy-is-barely-growing.html

The CNBC report notes:

“So far this earnings season, the less a U.S. company is exposed to America, the better its results.

S&P 500 companies which generate more than half their revenue overseas are posting first quarter earnings growth of 19.9 percent, on average, double that of companies that conduct a majority of their business domestically, according to FactSet.”