The S&P 500 could fall 10% on tax-hike fears if Democrats win both Georgia run-off elections, says one chief investment strategist
1/5/21
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from Business Insider,
1/1/21:
“Increased uncertainty over taxes and spending could likely weigh on the equity market at least until the intentions of the Biden Administration are given greater definition as to what a new tax regime might look like and how much any expansion of the government and its services would cost,” said the chief investment strategist.
Stoltzfus added that it appears to him that the market has priced in a Republican victory in at least one of the two Georgia run-off elections.
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