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As Tax Day approaches on April 15th in the US, concerns arise over the impact on markets due to low personal savings rates and depleted pandemic-era savings. Rising Treasury yields could challenge overvalued US stocks, leading to potential stress in money markets as investors prepare for tax-related outflows.
⚠️ ANALYSIS-WALL STREET GEARS UP FOR US TAX SEASON LIQUIDITY TEST Full Story → https://t.co/auGxDaIBMS Wall Street is bracing for a potential bout of stress in money markets by putting some cash on the side ahead of U.S. tax day, when high tax-related outflows could hurt… https://t.co/jSusNH9pcv
US Tax Day is April 15th. Seasonality will likely come into play here as the retail community sells stocks into 4/15 to raise cash for these payments. (via Goldman) https://t.co/nxKLfFhtfl
⚠️ ANALYSIS-RISING TREASURY YIELDS POSE A TEST FOR RICHLY VALUED US STOCKS Full Story → https://t.co/CxjTw3l5mD Rising Treasury yields could provide the latest test for a rally that has made U.S. stocks increasingly expensive while taking them to fresh record highs. https://t.co/qtlgMMer3d