Trump says he’s not going to make any stock market predictions in case there’s a ‘dip’

Published On Dec 12, 2024, 10:29 AM

Donald Trump, while visiting the New York Stock Exchange, refrained from making stock market predictions, citing concerns over potential market dips. He acknowledged the S&P 500's performance during his first term, which saw a 68% increase, largely attributed to tax cuts and low-interest rates. Trump hinted at future tax cuts aimed at incentivizing domestic manufacturing but did not endorse immediate stock investments, expressing optimism about long-term economic performance.

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Trump's focus on potential tax cuts and a positive long-term outlook may boost investor sentiment, particularly in sectors that would benefit from lower corporate taxes and increased domestic production.

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