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New US Tax Bill Will 'Stabilize Things' But Increase Deficit, JPMorgan's Dimon Says

by The Wealth Advisor Contributor
JPMorgan Chase Executive Dimon said Trump's massive tax and spending bill could help bring stability but it is not conducive to deficit reduction.

Featured

Be Patient — Morgan Stanley Foresees Upside for U.S. Equities

Morgan Stanley anticipates further upside for U.S. equities, but advises investors to remain patient as the path forward may be uneven.

Dimon Issues Stark Warning Highlighting the Risk of Stagflation

Jamie Dimon is once again issuing stark warning to investors, this time highlighting the risk of stagflation potentially more damaging than recession.

Federal Judge Rejects Vanguard’s $40 Million Settlement, Citing Better Outcome for Investors

Fed judge rejected proposed $40M class-action settlement between Vanguard and investors who allege were saddled with avoidable capital gains taxes.

Recent

Economy

BofA Maintains a Bullish Outlook for U.S. Stocks

Bank of America is urging investors to remain constructive even as the market shows signs of a short-term pullback.

Practice Management

Morgan Stanley Reaffirms a Bullish Stance on U.S. Equities

Morgan Stanley is reaffirming its bullish stance on US equities and Treasurys pushing back against recent sentiment for international diversification.

Washington Wire

Complications Enter Into Fed Policy Decisions Moving Forward

Federal Reserve Bank of Atlanta President Raphael Bostic is signaling a longer runway before the Fed begins easing monetary policy.

Economy

CIO of The Leuthold Group, Warns Weakening Consumer Sentiment Could Inflict Economic Downturn

Doug Ramsey, CIO of The Leuthold Group, is warning that weakening consumer sentiment could push the U.S. economy into a self-inflicted downturn.

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Dalio Warns Moody’s Downgrade of U.S. Sovereign Credit Doesn't Capture Structural Danger

The Trust Advisor

Music And Film Billionaire David Geffen, 82, Files For Divorce From 32-Year-Old Husband

FundFocus

Citi CEO: Something 'Deeper' Is Going On In Financial Markets Right Now

Washington Wire

Trump’s Next Hurdle: The Bond Market Hates His ‘Beautiful’ Tax Bill

ETF Innovators

Twenty Years Strong: The Strategic Value of SSGA’s GLD ETF Today

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