% Points of Interest

Follow the Earnings, Not the “Tape Bombs” – Stay Long Stocks


“When Trump signed the tax reform bill on December 22nd, the S&P 500 was right around 2700, and we’re still at those levels. So investors can still buy stocks today and they’re not paying up for tax reform.”

Richard Saperstein, Chief Investment Officer

During his recent appearance on CNBC’s Half Time Report, while he acknowledged that talk of trade wars and Fed tightening are dominating the news cycle, Richard Saperstein said, it’s “the very powerful tax reform” that’s going to drive the market higher by year end.

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