Goldman's Kostin: Tax Hike Impasse Will Push Earnings Higher

The video discusses the current earnings season, highlighting that the equity market is near all-time highs with excellent earnings results. Despite supply chain issues, investors focus on revenues and earnings exceeding expectations, leading to improved margins. Companies are effectively passing input costs to consumers through price increases or technology. The discussion also covers potential tax hikes and their impact on future earnings forecasts, with a possibility of less severe tax increases than anticipated.

What are the key takeaways from the earnings season according to the commentary?

What implications do potential tax hikes have on corporate earnings estimates?