"All else equal, we estimate that Harrisβ proposal to raise the corporate tax rate from 21% to 28% would be a 5% hit to EPS, while Trumpβs proposal to lower the corporate tax rate from 21% to 15% would boost EPS by 4%."
- BofA Savita
JPMorgan analysis "suggests that the current [Momentum] retreat is 90% complete ... However, the bank also warns that if this a 'structural regime change' then the drawdown has further to go, with a potential pullback of 25% relative to the market."
JPMorgan via @neilksethi
"Container ship departures from China to the US are collapsing ... When consumers cannot get the products that they want from abroad, and the products that are imported are more expensive because of tariffs, the outcome is a slowdown in US consumer spending."
- Apollo SlΓΈk
"This current bull market is nearly 26 months old and is officially up more than 70%. Note that going back 50 years, the bull markets that made it this far lasted many more years in every single case."
@RyanDetrick
"Since 1928, the first half of March typically chops around but definitely starts the month of strong. There is a clear bid to the market in the second half of March, and the 14th sticks out to me as the local low."
GS Rubner via @zerohedge