Skip to content
Subscriber Only

Tax Cuts Are the Dream Pushing a Market That Won't Stop Climbing

  • Analysts warn equities, 10-year bond overreacting to proposal
  • Lack of details, deficit hawk pressure curbs optimisim: BofA
Bloomberg business news

Libby Cantrill Says Tax Overhaul Is Only in Second Inning

Market pessimists are warning investors to temper their exuberance over President Donald Trump’s proposed tax cuts.

Stocks raced to records last week, the dollar hit a two-month high and 10-year Treasury yields rose to a three-month peak after the administration and congressional leaders announced a framework that would lower the corporate tax rate. Now, a growing chorus of analysts sees a tax trade that’s gotten ahead of itself. And they’re voicing skepticism on whether the plan will become law anytime soon