Original article by David Rogers
The Australian – Page: 28 : 5-Dec-17
Tobias Levkovich of Citigroup still expects the S&P 500 to be trading at 2,675 points in December 2018, despite the passage of President Donald Trump’s tax cuts package. Citi’s forecast for the S&P 500 will be increased by just 3.7 per cent if the US corporate tax rate is reduced to 20 per cent. The firm believes that investors may choose to take profits if the tax rate is cut to 20 per cent, upon expectations that the market will not rise any further.
STANDARD AND POOR’S 500 INDEX, CITIGROUP INCORPORATED