Gattiker: Midcaps Most to Gain From Tax Overhaul

(Bloomberg) -- President Trump’s tax overhaul favours banks as well as small and mid-cap businesses who are restricted to to U.S. Markets, says Christian Gattiker, Head of Research at Julius Baer. He told Bloomberg Daybreak Europe’s Markus Karlsson and Nejra Cehic that the Russell 2000 would see a "massive" yearly boost in earnings of 7% if such reforms are implemented. He added that the flat yield curve alludes to a mild recession at the end of 2019 or early 2020, however, that investors should not jump to draw parallels with the crisis in 2008.

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Running time 10:16

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