Monday, October 3, 2022
HomeinvestingJPMorgan says the stock market will surge 5% if tax bill passes

JPMorgan says the stock market will surge 5% if tax bill passes

  • JPMorgan derivatives strategist Shawn Quigg told investors to buy call options on companies that will benefit the most from tax reform.
  • "We think the potential passage of tax reform could provide 5 percent near-term upside to the S&P 500. However, the potential upside could be significantly higher for those high-tax stocks poised to outperform in a more tax-friendly regime," Quigg wrote Monday in a note entitled "Top Tax Outperformers for Upside Call Buying."

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