Sunday, December 17, 2017

Tax Bill Priced In? What Would You Buy?

I don't want to do a debate on the tax bill, but short version is that I think it's short term great news for shareholders but that the outlook on broader economic growth ie employment/expansion/wages isn't going to change much.

Combine that with a recent run-up, particularly on some of the banks, and I want to think the tax bill is already pretty priced in (other than perhaps a short-lived enthusiasm bounce).

Do you think I'm wrong? If so what are you buying?



Submitted December 17, 2017 at 11:57AM by JLeeSaxon http://ift.tt/2os4XY3

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