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President Trump’s Give-and-Take Relationship with the Markets

President Trump’s Give-and-Take Relationship with the Markets

Equity markets, which have rallied since President Donald Trump’s election, have come under pressure this year. By slashing the corporate tax rate, President Trump provided a one-time boost to US corporations’ bottom-line results. Looking at the equity markets, stocks can rise either with an increase in earnings or with a valuation multiple expansion.