Now Biden’s Tax Proposals Appear On the Radar Screen Of the Market

All you really  have to know there is that a tax on people making $400k or more adversely affects CNBC's viewers.

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STATIC analysis says that if you make a million dollars selling a million apples for $1 each, then you will make a million million by raising the price $1,000,000 per apple.

But Corporations don't really pay taxes  (customers do in pass-through higher prices)

Thus this may be a bit misleading:

S&P 500: tax hit (estimated S&P 500 earnings impact based on Biden’s proposals )

•  Technology                     down 9.2%
• Health care                     down 8.4%
• Communication services  down 8.2%
• Consumer discretionary   down 7.5%
• Financials                         down 6.5%

Edited by Rogerdodger, 10 January 2021 - 03:40 PM.

 

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Replying to Now Biden’s Tax Proposals Appear On the Radar Screen Of the Market"    so the market is going up eh

 

This time you're not alone. Every time some market expert speaks, they're predicting SP500 at 4600-4800.

 

STATIC analysis says that if you make a million dollars selling a million apples for $1 each, then you will make a million million by raising the price $1,000,000 per apple.

 

But Corporations don't really pay taxes  (customers do in pass-through higher prices)

 

Thus this may be a bit misleading:

 

S&P 500: tax hit (estimated S&P 500 earnings impact based on Biden’s proposals )

•  Technology                     down 9.2%
• Health care                     down 8.4%
• Communication services  down 8.2%
• Consumer discretionary   down 7.5%
• Financials                         down 6.5%

 

Source?

 

 

"

Replying to Now Biden’s Tax Proposals Appear On the Radar Screen Of the Market"    so the market is going up eh

 

This time you're not alone. Every time some market expert speaks, they're predicting SP500 at 4600-4800.

 

they are 2 conservative   but they are getting bettere

 

 

 

"

Replying to Now Biden’s Tax Proposals Appear On the Radar Screen Of the Market"    so the market is going up eh

 

This time you're not alone. Every time some market expert speaks, they're predicting SP500 at 4600-4800.

 

they are 2 conservative   but they are getting bettere

 

Betting on hyperinflation? Might not be off with BTC and some apparently sane people calling for 200k. 

Let's see if the VST support SPX 3784 can hold today/tomorrow.  BTW, big banks earnings may disappoint:

https://www.reuters....2/idUSKBN29G148

Edited by redfoliage2, 11 January 2021 - 09:19 AM.