Peace Talks in Russia Ukraine Summit

Trump tax cuts come at the right time for stocks. Further ahead, it gets murky.

For stock markets, the short-term and long-term outcomes of the “Trump trade” won’t necessarily be the same.

Donald Trump’s victory

So far, President-elect Donald Trump’s victory Tuesday has been positively received by investors, as was the case in 2016. The S&P 500 rose 2.5% to a record close Wednesday, buoyed by Trump’s stated intentions to, among other tax cuts, take the corporate-tax rate from 21% to 15% for companies that manufacture in the U.S.

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U.S. Stocks Decline on Tech Woes, Treasuries Slide

Gold Silver Reports (GSR) – U.S. Stocks Decline on Tech Woes, Treasuries Slide – The S&P 500 Index dropped the most in nearly two weeks as tech shares slumped after Taiwan Semiconductor’s disappointing forecast roiled chip-maker stocks. China’s request for concessions from Qualcomm Inc. to acquire NXP Semiconductors NV ratcheted up tensions over trade. Earnings misses from Procter & Gamble Co. and Philip Morris International Inc. weighed on consumer staples.                 

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