Goldman says proposed US capital gains tax hike will limit S&P 500 upside. Estimates $1+ tn in u

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Goldman says proposed US capital gains tax hike will limit S&P 500 upside. Estimates $1+ tn in unrealized cap gains for wealthiest US households, equal to 3% of US mkt cap & roughly 30% of avg monthly S&P 500 trading vol. Past tax hikes have been associated w/declines in prices. h/t Holger Zschaepitz

Goldman says proposed US capital gains tax hike will limit S&P 500 upside. Estimates $1+ tn in u

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