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Futures Rebound From Cap Gains Tax Selloff

by Tyler Durden Friday, Apr 23, 2021 - 08:03 AM US equity futures rebounded Friday following Thursdays 1% selloff as investors digested a proposal for higher capital gains taxes and realized that i) it is nothing new compared to previous media reports and ii) the most likely outcome is a compromise tax rate (Goldman expects a final number no higher than 28%).  Still, both the S&P 500 and Dow are on course for weekly declines, after four straight weeks of gains. At 730 a.m. ET, Dow e-minis were...
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