How the Trump Tax Cuts Are Biting into Market Returns
Stock prices and leaves aren’t the only things falling right now.
Tax collections fell again in September, but the Congressional “Budget Busting Agreement” has spending soaring right into the face of plunging federal revenue.
And I’m here to tell you this: The fall in tax collections is a big factor driving shares and bond prices down.
There may very well be some earnings- or news-driven rallies from here on out, but over the long term, there’s simply not enough liquidity left in the markets for them to go anywhere but down.
Have the bears come out of the cave? Trickle down economics does not work.