Personally, I predict that the US markets are in for a correction (at least 15 to 20% decline) in around mid to late April, assuming that the Fed does not move on to buy stocks.
I believe taxes could be one of the catalysts
1. Investors bought the March dip a year ago is likely to cash out around that period, to take advantage of the lower capital gains taxes from holding at least the one year period and realise their gains. This one event will create selling pressure in the markets.
2. President Elect Biden will likely succeed in passing some of his tax plan proposals for higher capital gains taxes and corporate taxes in his first 100 days, which will be a shock to a market accustomed to political gridlock.
Will check back on April 30 to see if I got it right or wrong
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