Communication Services' Outperformance, Dow Transports' Underperformance, and the Final Days of the First Quarter 03/30/23
Morning Call
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The New Tax in Los Angeles
A new transfer tax on the sale of properties over $5 million takes effect starting Saturday. Luxury brokers are offering discounts to get deals done and even luxury cars in some instances. Sales volume for luxury homes in LA fell 51% in the fourth quarter with prices down 5%.
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