<div id="readability-page-1"><div><div><h2><strong>K-shaped: who cares...?</strong></h2><p>Consumer confidence is at multi-year lows. Credit is slowing. The bottom is falling behind. And yet stocks keep grinding higher. Welcome to the K-shaped economy, where asset owners keep spending, and where Morgan Stanley and Goldman say the upside isn’t gone yet in the the &#34;tax trade&#34;.</p><h2><strong>Decade low confidence</strong></h2></div></div></div>

<p>K 型经济：谁在乎...？消费者信心处于多年低点。信贷正在放缓。底层经济正在落后。然而，股票仍在不断上涨。欢迎来到 K 型经济，在这里，资产拥有者继续消费，而摩根士丹利和高盛表示 “税收交易” 的上行空间尚未消失。十年来的低信心</p>

Why There Is Still Juice in the Tax Trade

ZeroHedge

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Morgan Stanley Pathway Large Cap Eq ETF

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金融业 ETF - Vanguard

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摩根士丹利

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GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

高盛

Calvert US Large-Cap Core Responsible Index ETF

金融业 ETF - SPDR

美国经纪商&证券交易所 ETF - iShares

为什么税务交易中仍然有利可图