Markets Favor Tax Cuts, Says Cathie Wood on U.S. Election
Asianfin -- Cathie Wood, the founder of ARK Investment Management and a prominent U.S. fund manager, noted a correlation between the performance of the S&P 500 and Trump's polling data, highlighting several key economic policies that could impact the market. She specifically addressed Trump’s positions on taxes, tariffs, and monetary policy.
Wood explained, “The market favors tax cuts and has been concerned that the tax reduction measures from the original tax bill passed during Trump's tenure are set to expire at the end of 2025.” She added that Trump has indicated support for extending these tax cuts and introducing additional personal and corporate tax reductions.
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