December 2, 2017

Week ending Friday December 1st 2017 Dominating U.S. markets this week was the improved prospects for Trump-sponsored tax cuts. Equities loved the idea of corporate tax cuts even if the benefits ultimately are passed on to the consumer – especially for those corporates that pay corporate taxes. Mostly this is U.S. domestic-focused banks and small/mid-sized companies. Big tech, oil and pharma have many and clever ways to avoid corporate tax thanks to large overseas operations. One thing at a time That said, the tax package is not yet passed in Congress. Until the package is passed and is read by…...

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