Whispers of Tax Hikes Spook Stocks – Plus Defining “The New Normal”

Published on
April 22nd, 2021
Duration
38 minutes

When The Music Stops: Airlines, Gold, and Inflation Nirvana


Whispers of Tax Hikes Spook Stocks – Plus Defining “The New Normal”

Daily Briefing ·
Featuring Jack Farley and Ed Harrison

Published on: April 22nd, 2021 • Duration: 38 minutes

Real Vision managing editor Ed Harrison and editor Jack Farley tackle the whispers of a capital gains tax hike on America’s wealthiest investors, which triggered a midday sell-off in U.S. equities. Harrison analyzes the progress of global vaccination efforts to curb the spread of COVID-19 and argues why he believes the “fourth wave” of COVID-19 in the U.S. is very unlikely to destabilize the economy. Harrison shares with Farley how he sees industries evolving their businesses in a world that is fully re-opened yet still wracked by infection risk, something he terms “the new normal.” This conversation leads to Farley’s analysis of the earnings reports of Southwest Airlines Co ($LUV) and American Airlines Group ($AAL). Lastly, Farley and Harrison take a brief detour into Dogecoin as well as commercial real estate.

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