S&P 500 could drop 10% amid tax hike fears if Democrats win both Georgia runoff elections, chief investment strategist says – Business Insider

S&P 500 could drop 10% amid tax hike fears if Democrats win both Georgia runoff elections, chief investment strategist says – Business Insider

Spencer Platt / Getty Images the S&P 500 could drop as much as 10% if Democrats topple the Senate on Tuesday, Oppenheimer’s John Stoltzfus said. “Increased uncertainty over taxes and spending could likely weigh on the stock market at least until the Biden administration’s intentions are more clearly defined on what a new tax regime […]
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