Skip to main content

How will equities react to Trump’s “phenomenal” tax plan?

An overhaul of the US corporate tax code would probably provide a net boost to S&P 500 earnings. Nonetheless, we suspect that it would be small and that it has now been largely discounted in equity prices. For the time being we continue to forecast that the index will end this year a little lower than it is now – our forecast is 2,300 – as margins are squeezed by rising wages and a stronger dollar.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access