Switzer on Saturday

Trump’s tax cuts are crucial for stocks

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
23,358.24
-100.12
-0.43%
-0.27%
S&P 500
2,578.86
-6.78
-0.26%
-0.13%
NASDAQ
6,782.79
44.92
0.67%
0.47%
ASX 200
5957.30
13.80
0.23%
-1.20%
Data for week commencing 13 November, 2017

US stocks could not keep up Thursday’s positivity and it was a case of what drives stocks up can pull stocks down. And yep, it’s all about Donald Trump’s tax cuts, with some doubts about it being passed soon, again worrying Wall Street.

In case you missed it, some nincompoop Republicans in the US Senate - supposedly the President’s allies - could stand in the way of these tax cuts. This not only means a delay in the cuts being passed but a possible delay of the starting date and some changes to the actual tax measures.

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