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While markets have not responded adversely to hints from Janet Yellen concerning hiking tax obligations, Gareth Soloway, primary market strategist of InTheMoneyStocks.com, claimed that investors are still waiting to see just how much taxes will be raised.
" I assume the markets are waiting for clarity on it. The question is, is the company tax rate going to most likely to 25%, or 28%," Soloway claimed. "I'm likewise interested to hear what the lasting resources gains tax could be increased to. I assume if we get a raise in the long-lasting cap gains let's state starting in 2022, you might see major selling and also revenue taking right into this year too."
0:00 – Market volatility
1:24 – Greater tax obligations
4:40 – Stocks that have actually collapsed
8:32 – Higher taxes as well as greater interest rates
9:35 – Gold
10:41 – Oil
11:35 – Geopolitical threats
14:23 – Graph game
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Higher taxes, interest rates are inevitable; ‘Things will get crazy’ – Gareth Soloway
While markets have not reacted negatively to hints from Janet Yellen about hiking taxes, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that investors are still waiting to see how much taxes will be raised.
“I think the markets are waiting for clarity on it. The question is, is the corporate tax rate going to go to 25%, or 28%,” Soloway said. “I’m also curious to hear what the long-term capital gains tax could be raised to. I think if we get a raise in the long-term cap gains let’s say starting in 2022, you could see major selling and profit taking into this year as well.”
0:00 - Market volatility
1:24 - Higher taxes
4:40 - Stocks that have crashed
8:32 - Higher taxes and higher interest rates
9:35 - Gold
10:41 - Oil
11:35 - Geopolitical risks
14:23 - Chart game
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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