David Woo’s Post

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Our Chief Investment Officer, Matthew Gotlin, CFA Gotlin, recently spoke with InvestmentNews about the potential market impacts of President Biden’s decision to withdraw from the election and endorse Vice President Harris as his replacement on the Democratic ticket—otherwise known as the “Harris Trade.” He explains that “the outcome of this race will be top of mind for Americans for the next few months, and behaviorally, we may see swings as we often do.” However, using history as a guide, “the Presidential elections and the candidates’ impact depend on congressional control and policy.” And the effect of these changes would likely be “felt over the very long term.” Thank you, #InvestmentNews and Gregg Greenberg, for including Matt’s thoughts in your breaking news analysis. #WealthManagement #HarrisTrade #TrumpTrade #PresidentialElection #PresidentBiden #VicePresidentHarris #Markets #StockMarket #Investing https://lnkd.in/gAGPZuQE

While Trump accepted the republican nomination during the RNC, rumors of Biden stepping down as the Democratic Party candidate intensify, which adds more uncertainty to the race. In his speech, Trump spoke about lowering taxes, massive deportations and a reversal of Climate friendly policies. The other hot topics on the agenda are: the Ukraine war, where he has pledged to end te conflict within days of being in office, peace in the Middle East, and an iron fist policy with China, including more tariffs on Chinese goods. This is an important one, because as you can see in the chart below, the US is running a big trade deficit with China, and if he intends to lower taxes, and therefore increase the budget deficit, he needs to improve the trade side to avert an economic debacle. The 10 year Treasury can be a good indicator of wether he can implement this policies. Want to know more? join Fund@mental here https://lnkd.in/ewBZ9GK4 #iamfundamental #soyfundamental #wealthmanagement #familyoffice #financialadvisor #financialplanning #policymistake #ratecut #stagflation

The Market Is Mightier Than Politics and Policy

From the Op-ed by Robert Rubin and Ken Chenault: Nearly every element of Mr. Trump’s second-term agenda would create great risk of economic harm. In aggregate, there is a high likelihood that his agenda would lead to chaos and unpredictability, including global instability, in that way reducing investment and business activity. Meanwhile, inflation would be increased by tariffs, immigration restrictions and larger fiscal deficits. Some may feel that we made it through one Trump term and are thus likely to make it through another. But a more apt analogy is that after we survived one round of economic Russian roulette, Donald Trump is asking us to take another spin — only this time with many more bullets in the chamber. That would be a very dangerous game.

Public Law 94-564: The IRS is NOT a U.S. Government Agency. The IRS is part of the International Monetary Fund. You can find this at: 1. Diversified Metal Products v I.R.S. et al. CV-93-405E-EJE U.S.D.C.D.I. 2. Senate Report 94-1148, pg. 5967. 3. Reorganization Plan No. 26, Public Law 102-391. 4. Black's Law Dictionary 6th Edition, pg. 816 The IMF is an Agency of the United Nations. And you thought Tom Cruise in Mission Impossible was fighting an imaginary bad guy... [hiding in plain sight]. https://lnkd.in/gXQhw_-K

Here’s a two-minute video of my remarks to the Federal Trade Commission yesterday re: the need for budget changes including: 1. Cutting European junkets; 2. Upping its Inspector General’s budget; 3. Getting more $$$ from criminals. These public commentary forums are important and beneficial. It would be great to see more government agencies have them. #FTC https://lnkd.in/ekAa4nzc

Kentucky needs to shift focus on more competitive state tax incentives compared to those around us. Jason Rainey shares more on his thoughts regarding Kentucky at a macroeconomic level on our latest episode! Listen to more using the 🔗 in the comments! #kentucky #macroeconomics #taxincentives #kyforky #kentuckybusiness

🤔 What is the primary function of the Federal Reserve (Fed) in the United States? 🏦 A. Fiscal Policy. B. Monetary Policy. C. Trade Regulation. ✍ Comment below with your best guess

From variable inflation to geopolitical risks, there are numerous external economic and fiscal factors that indirect #taxleaders should be monitoring. Find out how the relationship between consumer economics and #salestax could impact your team in a recent blog from our Chief Economist and Senior Tax Policy Director, George L. Salis, CBE®: https://lnkd.in/ea476uqN #VertexChiefTaxOffice