<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 型經濟：誰在乎...？消費者信心處於多年低點。信貸正在放緩。底層經濟正在落後。然而，股票仍在不斷上漲。歡迎來到 K 型經濟，在這裏，資產擁有者繼續消費，而摩根士丹利和高盛表示 “税收交易” 的上行空間尚未消失。十年來的低信心</p>

Why There Is Still Juice in the Tax Trade

ZeroHedge

Calvert US Large-Cap Diversity Equity & Inclusion Index ETF

Morgan Stanley Pathway Large Cap Eq ETF

金融指數 MSCI ETF - Fidelity

金融業 ETF - Vanguard

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

摩根士丹利

Calvert US Select Equity ETF

Morgan Stanley Pathway Sm-Md Cp Eq ETF

Calvert US Mid-Cap Core Responsible Index ETF

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

金融業 ETF - SPDR

美國經紀商&證券交易所 ETF - iShares

為什麼税務交易中仍然有利可圖