As 2018 rapidly approaches, market analysts are making forecasts for the coming year. Richard Bernstein offers his insights on what to expect. The SEC (Securities and Exchange Commission) is warning investors about the pitfalls of buying virtual coins, or cryptocurrencies. After halting a virtual coin offering, the SEC Chairman explained Monday why these currencies may be violating federal security law. In putting together the tax bill, Congress seems to be leaning towards the Senate version. Bloomberg Businessweek covers the four main points of contention in the proposed bills.
Some Thoughts On 2018– 2017 has turned out to be a better year for the stock market than investors expected. The S&P 500 total return so far this year (through 11/30) is nearly 21%. Despite the consensus view that investors are confronting a low return environment, the S&P 500 has returned more than 15%/year over the last five years. Richard Bernstein discusses issues impacting the markets and what to expect in 2018. Read more…
SEC Halts Virtual Coin Offering, Issues Investor Warning– The chairman of the U.S. Securities and Exchange Commission (SEC) on Monday warned investors of the dangers of putting their money into cryptocurrencies, saying trading and public offerings in the emerging asset class may be in violation of federal securities law. Read more…
The GOP Must Crack These Four Tax Bill Disagreements– In reconciling their tax bills, the House and Senate may favor the Senate’s version since the effort will fail if just three GOP senators vote no. Here are four of the important points of disagreement. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller
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