Cathie Wood urges clarity on tax policy to boost growth and certainty, supports Trump's economic platform

From Investing.com: 2024-12-27 06:46:31

Tech investor Cathie Wood is urging Trump’s administration to backdate promised tax cuts to boost growth and certainty. Her ARK Innovation ETF has surged since Trump’s win, benefiting from friendly policies. Wood supports Trump’s economic platform and is advocating for clarity on tax policy to avoid market uncertainty. Analysts expect tax reform under the new Congress. Wood, a top Musk supporter, believes AI will drive investment returns, selling some Tesla shares to invest in other AI companies. She also backs crypto and believes the US must prioritize innovation. Wood’s ARK has seen outflows due to volatility, but she remains optimistic about innovation’s future impact.



Read more at Investing.com: Ark’s Cathie Wood calls for tax clarity as she rides ‘Trump bump’ By Reuters