Are high-flying stock markets about to ‘feel the Bern’?
Some analysts believe Sanders left-wing approach is ‘biggest threat’ to stocks in 2020
By Proinsias O’Mahony – Tue, Feb 25, 2020
More than half of the 24 per cent rise in S&P 500 earnings growth over the last two years came directly from the 2017 tax cuts, notes UBS. A complete reversal of the tax cuts would mean “at least” a double-digit percentage earnings hit. In contrast, a Trump re-election “is more low taxation, more deregulation and an indifference about trillion-dollar deficits”, says David Kotok of Cumberland Advisors. “Markets like that.”
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