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Bullboard - Stock Discussion Forum Ceapro Inc V.CZO

Ceapro Inc. is a Canada-based biotechnology company. The Company is involved in the development of extraction technology and the application of this technology to the production of extracts and active ingredients from oats and other renewable plant resources. Its primary business activities relate to the development and commercialization of natural products for personal care, cosmetic, human... see more

TSXV:CZO - Post Discussion

Ceapro Inc > New bear market
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Post by prophetoffactz on Apr 25, 2024 9:53am

New bear market

The S&P Biotech ETF is now down 21.22% in about 2 months sending it into a new bear market on interest rate and inflation concerns. With the US election this year fast approaching how could this impact early-stage biotech investment? The US is running a 6.4% deficit/GDP before a recession and something big has to be done as interest rates continue moving up.

JUST IN: President Biden proposes increasing capital gains tax rates to 44.6%, the highest since 1922. Currently, the highest long-term capital gains tax rate is 20%. He has also proposed a 25% tax on unrealized capital gains for wealthy individuals.

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