LARRY KUDLOW: Donald Trump gave an optimistic, pro-growth, aspirational speech

Published On Sep 5, 2024, 2:07 PM

In a recent speech at the New York Economic Club, former President Donald Trump outlined his vision for an economic renewal focused on pro-growth policies. He called for low taxes, reduced regulations, and lower energy costs, emphasizing the need to revive American jobs and productivity. Trump criticized the current administration for its economic policies and proposed measures such as permanent tax cuts, a review of government efficiency to eliminate waste, and increasing support for cryptocurrencies. He asserted that his administration achieved an economic miracle before and pledged to restore that success.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Trump's focus on pro-growth policies and tax cuts may boost investor confidence, particularly in sectors that benefit from lower taxes and deregulation. His emphasis on cryptocurrencies also indicates potential growth in that sector.

XLIView XLI chart on TradingView

Positive

The planned focus on national manufacturing and smart tariffs could favor companies within the U.S. manufacturing sector. Investments in these stocks may see positive outcomes in the long term if his policies are implemented.

VIGView VIG chart on TradingView

Positive

A call for government efficiency audit and focus on reducing waste suggests potential short-term volatility as investors assess the feasibility of such reforms, but long-term effects may stabilize positions, attracting conservative investors.

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