Capital Perspectives December 2017

Tony Roth |
Investment Management

In the December issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, Canaries in the economic coal mine.In Focus provides a look at the likely path of tax reform legislation and the potential market and economic impact of its passage.Investment positioning, major themes, and asset class positioning updates. The post-recession bull market for U.S.


Senate Version of Tax Bill Aims to Raise Tax Revenues from First-In, First-Out Share Sales

Clement K. Miller |
Wilmington Wire

December 5, 2017— The Senate tax bill contains a provision that would force individual investors to use first-in-first-out (FIFO) tax treatment for sales of the shares of most stocks.  Markets have risen substantially in recent years, making management of taxable gains an important consideration in delivering after-tax returns to investors.


A Very Merry U.S. Consumer

Meghan Shue |
Wilmington Wire

November 30, 2017— The U.S. holiday shopping season was off to a solid start this past Thanksgiving weekend, with U.S. consumers feeling jollier than they have in recent years. While deals on Thanksgiving, Black Friday, Small Business Saturday, and Cyber Monday are watched closely by shoppers, sales data over this five-day period are scrutinized by analysts and economists for messages about what the holiday shopping season may bring for retailers.