With the potential for the most sweeping tax reform passed by Congress in a generation, Hedgeye’s Macro Team dug into the implications for what it might mean to investors, homeowners, corporations and more.
The Macro Team’s Darius Dale, Christian Drake and Ben Ryan presented three possible impacts of the tax overhaul on the economy.
Dale: “The law could be sneakily bullish for the dollar for reasons you might not expect and inevitably very bullish for capital at the expense of labor.”
Drake: “There are five key proposals [in the bill] and virtually all of them are negative for housing.”
Ryan: “The pool of money that’s held overseas is very heavy in the tech sector. There’s been a comp tailwind that’s just been a huge market catalyst. This idea of steepening comps versus this narrative story of repatriation is an interesting one.”
Watch the video above for more.
