Jay Hatfield raised his S&P 500 target to 7,000 after the Trump win, assuming a corporate tax reduction to 18%. “What everyone’s missing about the tariffs” is that they create revenue, which he says can balance out the tax reductions. He notes that a big national deficit actually creates a stronger U.S. dollar, which he thinks will stay high whether we like it or not.
Morning Trade Live
25 Nov 2024
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