Unrealized Capital Gains Could Wreak Havoc on the Stock Market 🚨⚠️

- 🔶 Bigger players used to borrow against their holdings to buy more, leveraging growth in the #SP500 for decades.

- 🔶 A new tax proposal targeting unrealized capital gains could trigger the biggest cascade of liquidations ever seen in legacy markets.

#PowellAtJacksonHole