The CEO of Aperture Investors said cities in dire need of revenue are likely to push for so-called SALT deductions.
Earnings for New York’s iconic street vendors have plunged as much as 90% during the coronavirus outbreak.
The lack of a blue wave will lead to a smaller stimulus package, he said.
The second wave of infections could dwarf the number seen after the initial outbreak, he said.
The S&P 500 has advanced about 11% since the end of June as Joe Biden widened his lead in polls.
Some financial firms are considering leaving New Jersey over rising taxes.
Wealthy investors are increasingly nervous about the stock market’s fragility.
Robinhood's popularity surged as Americans adopted fintech en masse during the pandemic.
Wien recommends investors buy gold as a hedge against a weakening dollar.
Will Wall Street
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