Reported 21 days ago
Cathie Wood, CEO of ARK Invest, draws parallels between Donald Trump's economic policies and the early financial strategies of America, focusing on tax cuts and tariffs. During a recent discussion, she highlighted the historical context of tariffs and the absence of income tax in early U.S. history. Wood noted that the market reacts positively to tax cuts and speculated that Trump's policies could impact S&P 500 performance as the presidential election approaches. She also discussed implications for monetary policy and potential impacts on the national debt.
Source: YAHOO