U.S. tech investor Cathie Wood is advocating for Donald Trump's incoming administration to implement backdated corporate and personal tax cuts to January 1, 2025, to stimulate economic growth and policy certainty. Wood believes this retroactive measure will provide market clarity and encourage investment. She also supports Trump's broader economic platform, including deals, innovation in crypto and artificial intelligence, and reduced regulation.
U.S. tech investor Cathie Wood is calling on Donald Trump ’s incoming administration to boost economic growth and policy certainty by backdating promised corporate and personal tax cuts to Jan. 1, 2025, she told Reuters.) exchange-traded fund has surged 17% since Trump’s victory, which is expected to bring policy changes that will benefit the fund’s holdings.), are already up 54% and 7% respectively since Nov. 6, while the S&P500 has risen about 1.7% in that time.
“If they don’t, you’re going to get companies and individuals perhaps holding back. ... I’m trying to communicate that pretty regularly to anyone who will listen.” She told Reuters that she has only met Trump once, earlier this year at his Florida home, but is in contact with Tesla boss and billionaire Trump backer Elon Musk and crypto enthusiast Wyoming Republican Senator Cynthia Lummis, both of whom are helping to shape Trump’s policies.
However, she is selling some Tesla shares to reinvest in other companies likely to benefit from the same trend, like Archer Aviation, a developer of autonomous aircraft. Although some of the market exuberance over Trump’s victory has fizzled, Wood said she believes the Trump bump, which has benefited crypto, small-cap and financial stocks, will eventually spill over into more of the market.
ECONOMY TAX POLICY DONALD TRUMP Cathie WOOD INVESTING
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