David Randall and Saqib Iqbal Ahmed, August 16, 2020
Our Chief Investment Officer and Chief Executive Officer, Stuart Katz, shared his insights on the affect of a Biden administration with David Randall of Reuters.
A proposed corporate tax rate increase to 28% could shave about 5.5% off 2021 S&P 500 earnings, lower capital spending by around $50 billion and lead to a $100 billion decline in stock buybacks, according to J.P.Morgan.
At the same time, a Biden administration would likely move away from Trump’s trade tariffs in Europe and China, helping international and emerging market stocks outperform U.S. equities in the year ahead, said Stuart Katz, chief investment officer of Robertson Stephens Wealth Management.
Read the full article here.