Will American investors find greater returns in Europe? Schwab has released its mid-year global outlook, with Jeffrey Kleintop sharing forecasts on the best-performing markets. Inflation could be here to stay, says Jeffrey Gundlach. The founder of DoubleLine Capital explains why he disagrees with the certainty of “transitory inflation”. We may see a new kind of tax on the middle class. It’s in the American Families Plan, affecting the way capital gains taxes are paid. Taylor Tepper covers the proposal for Forbes.
2021 Mid-Year Outlook: Global Stocks And Economy — The new economic cycle has seen stock market leadership pass from the U.S. to Europe this year. Looking further ahead, inflation is anticipated to settle inside most central banks’ comfort zones. Read more…
Gundlach – Don’t Count On “Transitory” Inflation — The Federal Reserve stated in late April that it expects inflation to be “transitory,” but Jeffrey Gundlach gives that only a 60% chance of being true. “Nobody really knows the answer to whether inflation will be transitory,” he says. He discusses his views. Read more…
Stepped Up Basis Reform: Biden’s Middle-Class Tax Hike? — The American Families Plan includes a proposal to change the way capital gains taxes are paid on estates when people pass away. This seemingly small revision to a tax rule called stepped up basis could cause average Americans to pay more than they would under the current tax regime. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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