Any decline in the stock market because of higher capital gains taxes will likely be short-lived, according to Goldman Sachs

President Biden’s proposed capital gains tax hike could weaken the stock market in the short-term, according to Goldman Sachs. However, in the long-term, stocks have trended higher six months after previous capital gains tax hikes, Goldman said. “We estimate $1+ trillion in unrealized capital gains for the wealthiest US households, but also large cash balances … Read more