"Sister Wood" talks about the US election and Trump's economic policies: the market likes tax cuts
2024-11-04 05:26:26
Cathy Wood, American Star fund manager and founder of Ark Investment Management, noted a correlation between the performance of the S & P 500 and Trump's poll data and highlighted several key economic policies that could affect the market. She focused specifically on Trump's stance on taxes, tariffs and monetary policy. "The market loves tax cuts and has been concerned that the tax cuts in the original tax bill passed during Trump's tenure will expire at the end of the quarter century," Wood explained. She added that Trump has expressed support for extending these tax cuts and introducing additional individual and corporate tax cuts.
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