Cathie Wood talks about the U.S. election and Trump's economic policies: the market likes tax cuts

2024-11-04 13:21:29

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ChainCatcher News, American star fund manager and founder of Ark Investment Management, Cathie Wood pointed out that there is a correlation between the performance of the S&P 500 index and Trump's poll data, highlighting several key economic policies that could impact the market.

She specifically focused on Trump's positions on taxes, tariffs, and monetary policy. Wood explained, "The market likes tax cuts and has been concerned that the tax cuts in the original tax law passed during Trump's term will 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 cuts.

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