Early Thoughts on 2022
With the fourth quarter underway, 2022 is fast approaching. While a lot can still happen between now and the end of 2021, we don’t think it’s too early to start thinking about what stocks might do next year.
Policy Risks Loom But Clarity Ahead
Policy-related risks exist that may increase market volatility in the near-term, but the fundamental backdrop for the economy remains strong.
Poking The Bear
Stocks are due for a routine pullback. However, we remain steadfastly bullish and this week want to explore five things that some bears believe that do not worry us.
Policy Shifts May Challenge Markets
Policy tailwinds may turn into headwinds in 2022, but economic fundamentals are likely to dominate.
Let’s Talk About Stocks And Higher Taxes
“Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes,” Benjamin Franklin
Infrastructure Plan, Higher Income Taxes and Municipal Bonds
President Biden’s recently proposed $2 trillion infrastructure investment plan would, if enacted as-is—a big “if” for sure— provide much needed support to traditional infrastructure projects like roads and bridges amongst other projects. While the plan would tangentially support the municipal market through better economic growth and higher tax revenues, there could be other provisions that would impact the municipal market more directly.
Let’s Talk About Higher Capital Gains Taxes
Stocks sold off yesterday after a report that the White House was considering doubling the capital gains tax on the wealthy to 39.6%.
Market Policy Projections for 2021
Democratic control of Congress may not impact 2021 policy as much as many believe. The biggest changes may be around taxes, regulation, and stimulus prospects. With the elections behind us, 2021 policy is coming into focus.
Election Charts You Need To See: Part 3
One of the top requests we’ve received the past few weeks is for more charts on the US elections. We shared some of our favorite in Election Charts You Need …