PineBridge Investments

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Investment Strategy Insights: Delays and Dilution Are Ahead for US Corporate Tax Reform

Expect regulatory rollback, not corporate tax cuts, to be Trump’s swiftest and most impactful economic stimulant.

While many headlines have attributed the equity rally to the prospect of US corporate tax reform, evidence continues to mount that this reform will be delayed and diluted. However, we do not see this as a cause for alarm: The rally is global, not contained to the US, and began last summer, when most were predicting a Hillary Clinton victory. We believe the rally’s true sponsor was the end of private sector deleveraging and the consequent uptick in global nominal GDP growth from below to above stall speed.

Read the complete white paper at the link beneath Related Files

Head Office
Exchequer Court
33 St. Mary Axe
London
EC3A 8AA
United Kingdom
Contact
Alexander Klotzsch Tel. +44 20 7398 6000
Company website:
http://www.pinebridge.com
Parent Company:
Pacific Century Group
Year Founded:
1996

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