Taxes, anti-business policy threaten ‘economic boom,’ market expert says
Wealth Consulting Group CEO Jimmy Lee weighs in on the state of the markets amid tax hikes.
The markets are looking to extend a three-day winning streak as earnings season rolls through, but the biggest threat to securing an economic boom is politicians inevitably hiking taxes and anti-business policy, Wealth Consulting Group CEO Jimmy Lee said Friday on FOX Business’ “Mornings with Maria.”
Big tech giants such as Facebook, Google and Apple will all be reporting earnings next week which Lee predicted should look positive with the recent track record of almost 90% of companies beating the street.
“I think we’re set up to see new highs potentially in some of those companies,” he said. “I’m expecting good numbers… We’re set up for an economic boom. I think the biggest risk to that are the politicians.”
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Lee reiterated that he’s bullish on the economy
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