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Eddy's Weekly Market Insight

Friday, 15 November 2024

Eddy's Weekly Market Insight

U.S. equity markets have responded positively to the Republican “clean sweep” and Trump’s re-election. This reaction is understandable, as plans to reduce corporate taxes are projected to increase after-tax profits by 4% to 6%. Consequently, market valuations have seen little change so far.
Eddy Markus, Founder & Chief Economist

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