Market Minutes Recap - Market Update (Perspectives on Tax policy, Rate cuts)


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Nov 19 2024 24 mins   1

The Key Wealth Matters weekly podcast covers important topics including the markets, the economy, and investing. This week's episode features discussions on:

  • Market updates, with the S&P 500 down slightly this week despite being up 25% year-to-date. Rising Treasury yields are making further gains difficult.
  • Tax policy under the reelected President Trump, including plans to make his 2017 tax cuts permanent and possibly lower the corporate tax rate further.
  • Implications for the municipal bond market, with concerns about potential changes to tax-exempt status for private activity bonds and the alternative minimum tax.
  • The Federal Reserve's path forward on interest rates, with Powell signaling a slower pace of rate cuts.

Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Stephen Hoedt, Head of Equities
Joe Velkos, National Tax Director

Paul Toft, Senior Fixed Income Portfolio Manager

Additional Resources

Key Questions: What Do the Election Results Mean for the Economy, the Markets, and Your Portfolio? | Key Wealth

Key Questions | Key Private Bank
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