Breitbart Business Digest: Stocks Suffer a Morning After Hangover

on the unexpected increase in core inflation, the severity of the moves in equities and bonds indicates something more is at work than a one-tenth of a point move in the index of consumer prices excluding food and energy.toxic for stocks because it is centered around tax increasesDonald Trump’s 2018 Tax Cuts and Jobs Act

Goldman’s analysts estimate that each one percentage point change in the statutory domestic tax rate would shift S&P 500 earnings per share by slightly less than one percent. So,, according to Goldman. Combined with other Harris proposed changes to the corporate tax code, earnings would likely fall by eight percent. That obviously has big implications for stock prices, which are based on multiples of future earnings.

. Despite all the carping about tariffs pushing up prices, recent history demonstrates that Trump’s policies did not result in inflation. Indeed, the Fed started cutting interest rates even before the pandemic arrived once it became clear that there were no inflationary effects from the China and metals tariffs. Instead, we got inflation under the Biden-Harris policies that Harris is very likely to double-down on if elected to the main office in the White House.

Billionaires alone own more than $5 trillion in stock, or 7% of the entire stock market. Public stock represents 66% of their wealth, so they would need to sell hundreds of billions of dollars worth of stock to fund their wealth-tax payments. These sales would drive down stock prices and, therefore, returns for all investors. The largest, most innovative and fastest-growing U.S. tech companies would be hit the hardest. Unrealized capital gains are concentrated in these companies.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: How the Migrant Surge Likely Drove That Huge Jobs RevisionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: U.S. Native-Born Workers Work More Intensively Than ImmigrantsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Many Americans Don’t Believe Inflation Is Getting BetterSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Americans Are Increasingly Unhappy with Their JobsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Kamala Harris Runs a Campaign Based on Partisan Hope and DeceitSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Kamala Harris’s Inflationary LegacySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »