World's biggest asset manager is cooling on U.S. stocks near term. Here's why.

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World's biggest asset manager is cooling on U.S. stocks near term. Here's why.

MarkeWatch2021-06-30

BlackRock says higher taxes could make it challenging for stocks to keep climbing New York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City. Is this as good as it gets for U.S. ...

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夜策冷
·2021-06-30
Inflation coming?
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- Denn205:
  Great
  2021-06-30
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Cxxleb
·2021-06-30
Please like
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sheenayam
·2021-06-30
Please like and comment
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kahzproz
·2021-06-30
Wooo
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S071
·2021-06-30
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Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page","article_id":"1175484676","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175484676","pubTimestamp":1625036347,"sourceInfo":{"source_id":"lsy1625036433252","name":"MarkeWatch"},"weMediaInfo":null,"summary":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exc","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"全球最大的资产管理公司近期正在对美国股市降温。原因如下。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. stocks?\nThat's a question investors would be forgiven for asking each time the S&P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.\n\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.\nThe world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.\nThe White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.\n\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology $(IT)$, the largest sector on the S&P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"\n\nLarge-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.\nBlackRock $(BLK)$ does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.\n\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.\nAs for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.\nBlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.\n\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":153558772,"gmtCreate":1625037808496,"gmtModify":1703850653268,"author":{"id":"3571974246792573","authorId":"3571974246792573","name":"夜策冷","avatar":"https://static.tigerbbs.com/3b7049e36d7c7c46d8d96a9658ca5d37","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Inflation coming?","listText":"Inflation coming?","text":"Inflation coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153558772","repostId":1175484676,"repostType":4,"repost":{"id":"1175484676","pubTimestamp":1625036347,"share":"https://www.laohu8.com/m/news/1175484676?lang=&edition=full","pubTime":"2021-06-30 14:59","market":"us","language":"en","title":"World's biggest asset manager is cooling on U.S. stocks near term. Here's why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1175484676","media":"MarkeWatch","summary":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exc","content":"<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680d19274db1e76a6855fad2ab495612\" tg-width=\"1260\" tg-height=\"868\"><span>New York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.</span></p>\n<p>Is this as good as it gets for U.S. stocks?</p>\n<p>That's a question investors would be forgiven for asking each time the S&amp;P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.</p>\n<p>\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.</p>\n<p>The world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.</p>\n<p>The White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.</p>\n<p>\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology <a href=\"https://laohu8.com/S/IT\">$(IT)$</a>, the largest sector on the S&amp;P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"</p>\n<p><img src=\"https://static.tigerbbs.com/13ec81666b4fcbd90b2335b48a538b19\" tg-width=\"1260\" tg-height=\"757\" referrerpolicy=\"no-referrer\"></p>\n<p>Large-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.</p>\n<p>BlackRock <a href=\"https://laohu8.com/S/BLK\">$(BLK)$</a> does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.</p>\n<p>\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&amp;P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.</p>\n<p>As for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.</p>\n<p>BlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.</p>\n<p>\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.</p>","source":"lsy1625036433252","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's biggest asset manager is cooling on U.S. stocks near term. Here's why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's biggest asset manager is cooling on U.S. stocks near term. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175484676","content_text":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. stocks?\nThat's a question investors would be forgiven for asking each time the S&P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.\n\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.\nThe world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.\nThe White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.\n\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology $(IT)$, the largest sector on the S&P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"\n\nLarge-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.\nBlackRock $(BLK)$ does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.\n\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.\nAs for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.\nBlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.\n\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5078451,"gmtCreate":1625038618371,"gmtModify":1663230323558,"authorId":3575606306400947,"author":{"id":3575606306400947,"authorId":3575606306400947,"name":"Denn205","avatar":"https://static.tigerbbs.com/2d2f59642eabe148cd6384a0ce937629","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.06","exceedPercentage":"60.25%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153558772,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"EN"},{"id":153553719,"gmtCreate":1625037639331,"gmtModify":1703850650163,"author":{"id":"3554884741961680","authorId":"3554884741961680","name":"Cxxleb","avatar":"https://static.tigerbbs.com/a64fc7eb9b9ff4806dc87a696bcc9a53","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153553719","repostId":1175484676,"repostType":4,"repost":{"id":"1175484676","pubTimestamp":1625036347,"share":"https://www.laohu8.com/m/news/1175484676?lang=&edition=full","pubTime":"2021-06-30 14:59","market":"us","language":"en","title":"World's biggest asset manager is cooling on U.S. stocks near term. Here's why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1175484676","media":"MarkeWatch","summary":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exc","content":"<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680d19274db1e76a6855fad2ab495612\" tg-width=\"1260\" tg-height=\"868\"><span>New York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.</span></p>\n<p>Is this as good as it gets for U.S. stocks?</p>\n<p>That's a question investors would be forgiven for asking each time the S&amp;P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.</p>\n<p>\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.</p>\n<p>The world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.</p>\n<p>The White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.</p>\n<p>\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology <a href=\"https://laohu8.com/S/IT\">$(IT)$</a>, the largest sector on the S&amp;P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"</p>\n<p><img src=\"https://static.tigerbbs.com/13ec81666b4fcbd90b2335b48a538b19\" tg-width=\"1260\" tg-height=\"757\" referrerpolicy=\"no-referrer\"></p>\n<p>Large-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.</p>\n<p>BlackRock <a href=\"https://laohu8.com/S/BLK\">$(BLK)$</a> does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.</p>\n<p>\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&amp;P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.</p>\n<p>As for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.</p>\n<p>BlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.</p>\n<p>\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.</p>","source":"lsy1625036433252","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's biggest asset manager is cooling on U.S. stocks near term. Here's why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's biggest asset manager is cooling on U.S. stocks near term. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175484676","content_text":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. stocks?\nThat's a question investors would be forgiven for asking each time the S&P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.\n\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.\nThe world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.\nThe White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.\n\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology $(IT)$, the largest sector on the S&P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"\n\nLarge-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.\nBlackRock $(BLK)$ does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.\n\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.\nAs for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.\nBlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.\n\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153550558,"gmtCreate":1625037447074,"gmtModify":1703850647375,"author":{"id":"3579743164156658","authorId":"3579743164156658","name":"sheenayam","avatar":"https://static.tigerbbs.com/fe1b57a8371314fd64ce0840001df6b2","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153550558","repostId":1175484676,"repostType":4,"repost":{"id":"1175484676","pubTimestamp":1625036347,"share":"https://www.laohu8.com/m/news/1175484676?lang=&edition=full","pubTime":"2021-06-30 14:59","market":"us","language":"en","title":"World's biggest asset manager is cooling on U.S. stocks near term. Here's why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1175484676","media":"MarkeWatch","summary":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exc","content":"<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680d19274db1e76a6855fad2ab495612\" tg-width=\"1260\" tg-height=\"868\"><span>New York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.</span></p>\n<p>Is this as good as it gets for U.S. stocks?</p>\n<p>That's a question investors would be forgiven for asking each time the S&amp;P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.</p>\n<p>\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.</p>\n<p>The world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.</p>\n<p>The White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.</p>\n<p>\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology <a href=\"https://laohu8.com/S/IT\">$(IT)$</a>, the largest sector on the S&amp;P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"</p>\n<p><img src=\"https://static.tigerbbs.com/13ec81666b4fcbd90b2335b48a538b19\" tg-width=\"1260\" tg-height=\"757\" referrerpolicy=\"no-referrer\"></p>\n<p>Large-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.</p>\n<p>BlackRock <a href=\"https://laohu8.com/S/BLK\">$(BLK)$</a> does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.</p>\n<p>\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&amp;P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.</p>\n<p>As for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.</p>\n<p>BlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.</p>\n<p>\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.</p>","source":"lsy1625036433252","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's biggest asset manager is cooling on U.S. stocks near term. Here's why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's biggest asset manager is cooling on U.S. stocks near term. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175484676","content_text":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. stocks?\nThat's a question investors would be forgiven for asking each time the S&P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.\n\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.\nThe world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.\nThe White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.\n\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology $(IT)$, the largest sector on the S&P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"\n\nLarge-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.\nBlackRock $(BLK)$ does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.\n\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.\nAs for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.\nBlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.\n\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153522839,"gmtCreate":1625037175421,"gmtModify":1703850640518,"author":{"id":"3582202145499568","authorId":"3582202145499568","name":"kahzproz","avatar":"https://static.tigerbbs.com/b5c932b758acbfcaf56ee6b52fce7386","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wooo","listText":"Wooo","text":"Wooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153522839","repostId":1175484676,"repostType":4,"repost":{"id":"1175484676","pubTimestamp":1625036347,"share":"https://www.laohu8.com/m/news/1175484676?lang=&edition=full","pubTime":"2021-06-30 14:59","market":"us","language":"en","title":"World's biggest asset manager is cooling on U.S. stocks near term. Here's why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1175484676","media":"MarkeWatch","summary":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exc","content":"<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680d19274db1e76a6855fad2ab495612\" tg-width=\"1260\" tg-height=\"868\"><span>New York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.</span></p>\n<p>Is this as good as it gets for U.S. stocks?</p>\n<p>That's a question investors would be forgiven for asking each time the S&amp;P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.</p>\n<p>\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.</p>\n<p>The world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.</p>\n<p>The White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.</p>\n<p>\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology <a href=\"https://laohu8.com/S/IT\">$(IT)$</a>, the largest sector on the S&amp;P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"</p>\n<p><img src=\"https://static.tigerbbs.com/13ec81666b4fcbd90b2335b48a538b19\" tg-width=\"1260\" tg-height=\"757\" referrerpolicy=\"no-referrer\"></p>\n<p>Large-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.</p>\n<p>BlackRock <a href=\"https://laohu8.com/S/BLK\">$(BLK)$</a> does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.</p>\n<p>\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&amp;P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.</p>\n<p>As for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.</p>\n<p>BlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.</p>\n<p>\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.</p>","source":"lsy1625036433252","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's biggest asset manager is cooling on U.S. stocks near term. Here's why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's biggest asset manager is cooling on U.S. stocks near term. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175484676","content_text":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. stocks?\nThat's a question investors would be forgiven for asking each time the S&P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.\n\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.\nThe world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.\nThe White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.\n\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology $(IT)$, the largest sector on the S&P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"\n\nLarge-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.\nBlackRock $(BLK)$ does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.\n\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.\nAs for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.\nBlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.\n\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153521029,"gmtCreate":1625036775261,"gmtModify":1703850634978,"author":{"id":"3582712430239719","authorId":"3582712430239719","name":"S071","avatar":"https://static.tigerbbs.com/1f21cc4747e7e36aaf24e423fd9d808b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153521029","repostId":1175484676,"repostType":4,"repost":{"id":"1175484676","pubTimestamp":1625036347,"share":"https://www.laohu8.com/m/news/1175484676?lang=&edition=full","pubTime":"2021-06-30 14:59","market":"us","language":"en","title":"World's biggest asset manager is cooling on U.S. stocks near term. Here's why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1175484676","media":"MarkeWatch","summary":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exc","content":"<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680d19274db1e76a6855fad2ab495612\" tg-width=\"1260\" tg-height=\"868\"><span>New York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.</span></p>\n<p>Is this as good as it gets for U.S. stocks?</p>\n<p>That's a question investors would be forgiven for asking each time the S&amp;P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.</p>\n<p>\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.</p>\n<p>The world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.</p>\n<p>The White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.</p>\n<p>\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology <a href=\"https://laohu8.com/S/IT\">$(IT)$</a>, the largest sector on the S&amp;P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"</p>\n<p><img src=\"https://static.tigerbbs.com/13ec81666b4fcbd90b2335b48a538b19\" tg-width=\"1260\" tg-height=\"757\" referrerpolicy=\"no-referrer\"></p>\n<p>Large-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.</p>\n<p>BlackRock <a href=\"https://laohu8.com/S/BLK\">$(BLK)$</a> does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.</p>\n<p>\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&amp;P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.</p>\n<p>As for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.</p>\n<p>BlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.</p>\n<p>\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.</p>","source":"lsy1625036433252","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's biggest asset manager is cooling on U.S. stocks near term. Here's why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's biggest asset manager is cooling on U.S. stocks near term. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page><strong>MarkeWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/worlds-biggest-asset-manager-is-cooling-on-u-s-stocks-near-term-heres-why-11624980949?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175484676","content_text":"BlackRock says higher taxes could make it challenging for stocks to keep climbing\nNew York Stock Exchange (NYSE) at Wall Street on Jan. 12, 2021 in New York City.\nIs this as good as it gets for U.S. stocks?\nThat's a question investors would be forgiven for asking each time the S&P 500 index marks new highs -- all 32 times this year so far, with another record potentially in the works for Tuesday . According to BlackRock, the answer may be yes, at least for now.\n\"The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities,\" said Wei Li, global chief investment strategist, and a team at BlackRock Investment Institute, in a weekly commentary that published on Tuesday.\nThe world's biggest asset manager sees stocks in non-U.S. developed markets as \"better positioned to capture the economic restart over the tactical horizon,\" as the rest of the world recovers from the coronavirus pandemic.\nThe White House recently signed onto a bipartisan infrastructure plan , which has long been sought by the Organization for Economic Cooperation and Development, which wants rules for taxing cross-border digital services and multinationals that try to shifting profits to lower-tax jurisdictions.\n\"Higher taxes would have varied sectoral implications,\" said Li and the team. \"Sectors with the lowest effective tax rates -- or the actual rate paid after taking into account various tax breaks and deductions -- have the most to lose, all else being equal. Information technology $(IT)$, the largest sector on the S&P 500 index, has a relatively low effective tax rate just under 17%. Energy, materials and consumer staples have tax rates above 20%.\"\n\nLarge-cap information technology and healthcare stocks, which tend to benefit most when profits can find those lower-tax jurisdictions, could take the biggest hit to earnings should a global minimum tax become a reality. Tax increases that come in less than the administration of President Joe Biden has proposed might \"soften the blow,\" while the sector's relatively high profit margins and \"supportive structural growth trends,\" would also help offset those risks.\nBlackRock $(BLK)$ does see plenty of uncertainty around any tax plan, saying the bipartisan deal still faces hurdles, so in the end, they expect a spending plan well below the price tag, which means less offsetting tax hikes. But if the tax rises are implemented, Blackrock has an idea of what that might mean for equities.\n\"If the proposed 28% corporate income-tax rate and a 21% global minimum tax were imposed, we estimate the earnings per share of the S&P 500 index would be 7% lower in 2022 compared with a scenario without tax increases,\" said BlackRock.\nAs for non-U.S. equity markets, BlackRock said Europe and Japan are well-positioned to pick up the baton from a strong U.S.-led economic restart. Those markets already have plenty of taxes and regulations, with little scope for more.\nBlackRock also still likes small-and-medium cap U.S. stocks, which strategist said are less likely to be affected by tax hikes and regulations aimed at big corporations. Any higher taxes on individual capital gains could put more focus on after-tax portfolio construction and may drive up demand for tax-efficient strategies that let investors better control timing on capital gains, such as exchange-traded funds and managed accounts, the asset manager said.\n\"Tax-advantaged U.S. municipal bonds may also benefit from increased demand, even as their valuations look relatively rich to us,\" said Li and the team.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}