LARRY KUDLOW: Trump's message to Congress — unleash prosperity
Published On Mar 4, 2025, 5:58 PM
Larry Kudlow discusses the urgent need for Congress to support President Trump's agenda focusing on tax cuts, deregulation, and economic growth. He believes that Trump's proposed economic policies can boost the economy amidst current challenges like declining business investment and manufacturing. Kudlow argues that the tax cuts from 2017 had positive effects, and emphasizes that Congress should act decisively to make these cuts permanent to avoid significant tax hikes that could harm economic recovery.
Stock Forecasts
XLI
Positive
The expected push for tax cuts and deregulation by Trump could set a more favorable environment for businesses, potentially leading to higher growth in sectors sensitive to these policies, such as energy and small businesses. The market sentiment may favor companies that could benefit from deregulation and improved tax conditions.
XLY
Negative
As Kudlow indicated that the current economic indicators are weak, sectors linked directly to consumer discretionary spending may face challenges unless significant improvements in the economic framework are witnessed. Investors should be cautious about relying on retail stocks in the near term, as they might underperform if economic conditions don't improve soon.
Related News
Investors brace for more volatility with Trump set to address Congress
Mar 4, 2025, 4:24 PM
(Reuters) -Investors are bracing for more U.S. stock market volatility when President Donald Trump delivers an address to Congress on Tuesday evening, on the heels of his implementation of new tariffs that rattled asset prices earlier in the day. The president's remarks come at a pivotal point for markets, as the post-election wave of exuberance and excitement has given way to anxiety that Trump's policies are weighing on economic growth and contributing to inflation. "A lot of where we are headed next really does depend on what is in this speech," said Steve Sosnick, market strategist at Interactive Brokers.
Trump responds to Trudeau calling tariffs 'very dumb' as trade war ramps up
Mar 4, 2025, 11:47 AM
President Donald Trump is pushing back against Canadian Prime Minister Justin Trudeau calling his tariffs “very dumb."
Stock market today: S&P 500, Nasdaq, Dow futures climb higher as markets brace for Trump tariffs
Mar 4, 2025, 2:01 AM
US stock futures held steady as Wall Street braced for President Donald Trump’s broad tariffs on America’s top trading partners to take effect.