Trump Cautious on Stock Market Advice

President-elect Donald Trump, after ringing the opening bell at the New York Stock Exchange, refrained from advising investors to buy stocks. He expressed concerns about potential market dips, stating, "I don’t want to get into a situation where they do and we have a dip or something."

During his previous term, Trump often referenced the stock market's performance as a measure of his success, with the S&P 500 increasing nearly 68% and reaching record highs. This growth was bolstered by corporate tax cuts and the Federal Reserve's low interest rates that promoted inflation.

While at the exchange, Trump discussed plans to further cut taxes, proposing incentives for domestic production. He suggested reducing the corporate tax rate from 21% to 15% for companies that manufacture in the U.S., aiming to strengthen the manufacturing sector with this unprecedented tax strategy.

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