Trump Trade at Moment of Truth as Presidential Tax Program Looms

Traders fixated on the Trump trade are about to get an idea of how far the president will go to stimulate the economy, after months speculating over the timing and size of his tax plan.

The S&P 500 Index jumped to an intraday high yesterday after the Wall Street Journal said Donald Trump urged aides to accelerate a tax plan cutting the corporate rate to 15 percent. The report, citing a person familiar with the matter, followed Trump’s tweet on Saturday that “Big TAX REFORM AND TAX REDUCTION will be announced’’ on April 26.

While budget director Mick Mulvaney said the White House will only offer “specific governing principles,’’ with no details until June, the reaction shows how sensitive investors remain to details of the program.

“The market this year has been baking in little hope of tax reform occurring,” Chris Senyek, a strategist at Wolfe Research LLC in New York, said



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!