Biden's threat of tax increases would reduce the incentive for people to invest in U.S. stocks but will be good for the emerging markets Mobius loves.
Divided government implies less fiscal stimulus and no new taxes, Dr. Doom says. However, in his view, the economy is weakening as COVID continues.
Since RIAs are independent, they get to define their approach to practice management.
The SEC remains vigilant and is auditing RIA Firms. Thus, RIA Firms must be diligent in their legal and supervisory responsibilities.