jtan7141
2021-03-16
Wow.
Stocks and Bitcoin could get a $40 billion influx of stimulus cash: At the Open
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But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.</p>\n<p>President Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.</p>\n<p>Looking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.</p>\n<p>Aside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"</p>\n<p>Last year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.</p>\n<p>Today, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.</p>\n<p>(NYSEARCA:SPY) +0.2%premarket,(NASDAQ:QQQ) +0.6%,(NYSEARCA:DIA) +0.1%,(NYSEARCA:TBT) -0.4%,(NASDAQ:TLT) -0.1%</p>\n<p>And as direct stimulus checks start arriving in bank accounts, markets can expect to see a sizable portion of stimulus funds, according to a recent survey.</p>\n<p>Mizuho Securities surveyed 235 people who expect to get checks, with 20% expecting to allocate up to 20% of the checks to Bitcoin (BTC-USD), stocks or both. In addition, 13% would invest up to 80% and 2% would invest 80% of more.</p>\n<p>About 10% of $380B sent out in direct checks could be invested, approaching $40B, according to Mizuho.</p>\n<p>\"Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25 billion of incremental spend on bitcoin from stimulus checks,” Mizuho analysts Dan Dolev and Ryan Coyne wrote in a note, according to MarketWatch.</p>\n<p>As this year's tax refund season gets underway, a portion of those checks, in many cases larger than the $1,400 payments just sent, could also find its way into the markets.</p>\n<p>DataTrek Research notes:</p>\n<p>The average refund size is down just 0.7% from 2020 at $2,990.</p>\n<p>Tax season is off to a slow start, with 25% fewer returns filed, which will delay refund checks.</p>\n<p>The number of refunds is down 32%, more than the decline in returns, which \"points to the possibility that many Americans who customarily get a refund will not receive one this year.\"</p>\n<p>About $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.</p>\n<p>President Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.</p>\n<p>Looking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.</p>\n<p>Aside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"</p>\n<p>Last year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.</p>\n<p>Today, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.</p>\n<p><img src=\"https://static.tigerbbs.com/62b15328d72290261522bedcdec6ab76\" tg-width=\"1168\" tg-height=\"450\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks and Bitcoin could get a $40 billion influx of stimulus cash: At the Open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks and Bitcoin could get a $40 billion influx of stimulus cash: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 21:12 GMT+8 <a href=https://seekingalpha.com/news/3673039-stocks-and-bitcoin-could-get-a-40-billion-influx><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A slight bid remains in stock futures after late buying on Monday brought about new record closes.\nThe 10-year Treasury yield is little changed, hovering around 1.6% with the Federal Reserve's two-day...</p>\n\n<a href=\"https://seekingalpha.com/news/3673039-stocks-and-bitcoin-could-get-a-40-billion-influx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://seekingalpha.com/news/3673039-stocks-and-bitcoin-could-get-a-40-billion-influx","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1152144890","content_text":"A slight bid remains in stock futures after late buying on Monday brought about new record closes.\nThe 10-year Treasury yield is little changed, hovering around 1.6% with the Federal Reserve's two-day policy meeting starting today.\nAbout $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.\nPresident Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.\nLooking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.\nAside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"\nLast year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.\nToday, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.\n(NYSEARCA:SPY) +0.2%premarket,(NASDAQ:QQQ) +0.6%,(NYSEARCA:DIA) +0.1%,(NYSEARCA:TBT) -0.4%,(NASDAQ:TLT) -0.1%\nAnd as direct stimulus checks start arriving in bank accounts, markets can expect to see a sizable portion of stimulus funds, according to a recent survey.\nMizuho Securities surveyed 235 people who expect to get checks, with 20% expecting to allocate up to 20% of the checks to Bitcoin (BTC-USD), stocks or both. In addition, 13% would invest up to 80% and 2% would invest 80% of more.\nAbout 10% of $380B sent out in direct checks could be invested, approaching $40B, according to Mizuho.\n\"Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25 billion of incremental spend on bitcoin from stimulus checks,” Mizuho analysts Dan Dolev and Ryan Coyne wrote in a note, according to MarketWatch.\nAs this year's tax refund season gets underway, a portion of those checks, in many cases larger than the $1,400 payments just sent, could also find its way into the markets.\nDataTrek Research notes:\nThe average refund size is down just 0.7% from 2020 at $2,990.\nTax season is off to a slow start, with 25% fewer returns filed, which will delay refund checks.\nThe number of refunds is down 32%, more than the decline in returns, which \"points to the possibility that many Americans who customarily get a refund will not receive one this year.\"\nAbout $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.\nPresident Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.\nLooking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.\nAside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"\nLast year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.\nToday, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/325219308"}
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