Tax Hike 2011
Market Commentary Highlights...
- While information on the economy, European bank stress tests, and corporate earnings helped to lift the markets last week, it may have been the hint that tax rates may not be going up as much as expected in 2011 that got investors the most excited.
- The potential for much higher tax rates on dividends and capital gains appears to be
discounted by the market, suggesting a potential relief rally as the tax uncertainty is resolved.
- However, we do not expect Congress to act on taxes until after the November elections.
Read the entire Market Commentary. (pdf format)
Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of July 26, 2010. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. This commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.com