President Trump Ends ‘War’ on Investors and Investing
$DIA, $SPY, $QQQ, $VXX
President Donald Trump is “ending the punishment of investment,” and businesses are “very positive” about the economic future.
Analyst Larry Kudlow said in a TV interview Sunday, that investors should “fear not.”
“There’s a lot momentum building in Washington… for the tax cuts,” he said. “The economy is rising, profits are rising,… businesses are starting to invest…It’s all good,” he said.
“Donald Trump, is, in fact, ending the war on business,” he added. “Not only that, Trump is ending the punishment of investment.”
“That’s what this tax bill is really about: The return on capital will go up after tax,” he continued. “The cost of capital will go down after tax. And that will lead directly into new business projects, and more hires, and better wages and productivity. It doesn’t get any better than this.”
Mr. Kudlow’s comments come after GOP Republicans pressed last week on drafting legislation based on the president’s tax reform plan.
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|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.41)||Neutral (0.21)||Very Bullish (0.60)||Bullish (0.42)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.39)||Bullish (0.46)||Bullish (0.31)||Bullish (0.40)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Bearish (-0.47)||Bearish (-0.26)||Bearish (-0.48)||Very Bearish (-0.67)|
Have a terrific week.
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