Immediately following the passage of the “Tax Cuts and Jobs Act of 2017” (TCJA), companies such as AT&T, currently seeking Trump administration approval for a Time Warner merger, was quick to provide positive reinforcement. Along with Wells Fargo and many other corporate beneficiaries of the tax plan, they announced programs to reward employees and expand jobs in the US. When Michael Cembalest looks at the situation, however, he sees a different picture. The Chairman of Market and Investment Strategy at J.P. Morgan Asset & Wealth Management looks at the budget deficit with concern as he says the tax cuts were…
JPMorgan: Tax Cut Not Too Impressive
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.