Excerpt below:

GOP leaders finally unveiled a proposed tax overhaul, which aims to cut the corporate tax rate to 20%. And Cumberland Advisors’ David Kotok told Barron’s that he thinks the package is worth at least 300 points to the S&P 500, but conceded that much of the value might be already reflected in stock prices.

Howard Silverblatt at S&P estimates that the weighted average tax rate for the S&P 500 companies is 25.6%.

But as the WSJ reports, inventors will have to wait through months of negotiations and fighting that could reshape the plan. In the meantime, all eyes are still fixed on the Federal Reserve and what’s in store for interest rates.

Read the full article here: http://www.barrons.com/articles/finallya-tax-plan-financials-lead-u-s-stocks-higher-1506545499

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.