
A Federal Wealth Tax Has Been Introduced in the Senate. Here's What Affluent Families Need to Know
On March 1, the Ultra-Millionaire Tax Act was introduced. If passed, certain affluent families could see their tax obligation increase.
On March 1, the Ultra-Millionaire Tax Act was introduced. If passed, certain affluent families could see their tax obligation increase.
Stocks fall for the first week in the last three, but are still near all-time highs. The 10-year UST yield hit 1.18%, its highest since March, before falling back to 1.08%.
Much happened in 2020: we opened with the longest bull market & economic expansion in America's history, only to see a pandemic shutdown the economy
Equities ended the week, and the year, at new record highs, and Small Caps broke their eight week winning streak.
Stocks were mixed in the holiday-shortened week, with Small Caps up for the eighth straight week.
• All four major US stock market indices made record highs on Thursday, and advanced for the week. • Optimism for a coronavirus relief bill fueled markets, but no deal was made by weeks end.