13 factors driving equity bulls and bears
Bearish: Rising tax rates on income
Maximum federal tax rates on dividend income have risen to 23.8% from 15% and on capital gains, to 23.8% from 15%.
Source: Morgan Stanley Smith Barney Investment Strategy, Morgan Stanley & Co. LLC Research, Citi Research, ECRI, and Bloomberg. Note: Unless otherwise indicated, data are as of Feb. 15.
Advertisement
