Expected Biden Tax Hike May Be Shifting Equity Markets

It’s one perspective.

  • “In our view the current rotation from some of the FAANG names and other companies tied to them is likely more attributable to profit-taking after a long profitable run ahead of the potential hike in capital gains taxes next year rather than concern that the momentum in technology is running out of steam longer term,” Oppenheimer Chief Investment Strategist John Stoltzfus writes in a note out today, but written before the Moderna vaccine update.

2 Responses to Expected Biden Tax Hike May Be Shifting Equity Markets

  1. Avatar MaxwellsEQs says:

    Unless I misunderstand this link is an advertisement for something called “megacap” and “momentum”. I am not sure whether these are individual stocks or some sort of investment fund. Judging from their website, I would steer clear of them.

     

     

  2. Owen Owen says:

    Megacap is just shorthand for the mega-market cap companies:

    https://www.investopedia.com/terms/m/megacap.asp

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