Biden says "no one making under $400,000 will see their taxes go up," but the White House says families qualify. That still only hits the richest.
Stephen Auth, chief investment officer for equities at Federated Hermes says a divided government will be a “far happier outcome for markets” than a Democratic sweep. Auth explained that a divided government will pass a substantial fiscal package while avoiding “growth-killing” tax hikes. He has a long-term price target of […]
Billionaire investor Paul Tudor Jones told CNBC the stock market could see a large gain at the beginning of 2021 due to the next fiscal stimulus. Jones pointed to the stock-buying spree that occurred after the first stimulus was passed in the spring. “Robinhood nation … went crazy and bought […]
Investing legend Byron Wien told CNBC on Friday that the stock market will respond positively to Joe Biden’s policies on climate change and inequality. Wien also said Biden’s top priorities â€” getting COVID-19 under control and creating jobs â€” will be good for stocks. Biden’s tax policy that may harm […]
Mike Novogratz told CNBC on Friday that any dips in the market from Joe Biden’s tax plan will be buying opportunities for investors, as the next stimulus will provide a “liquidity tsunami.” The Galaxy Digital CEO said he expects a blue wave victory and subsequent volatility in the markets as […]
JPMorgan Private Bank’s Monica DiCenso told Bloomberg on Friday that the stock market won’t see the bullish outcome it’s expecting from a Biden win unless there’s a blue wave victory. The head of US equity strategy said that it will be difficult for Biden to pass a large stimulus bill […]
Goldman’s David Kostin told CNBC on Tuesday that markets are expecting a blue wave election victory, citing polling and betting market data. The chief US equity strategist said that consequential moves in the market may not be that dramatic because a large fiscal stimulus may offset higher taxes proposed by […]
Jamie Dimon told CNBC on Wednesday he’s not against a higher tax on the wealthy, and the tax would not slow down economic growth. The JPMorgan CEO said there should be “far more” thought about taxation if the US wants an active, healthy, growing economy. “And I remind people, the […]