What's up with the Dow? Have the markets figured out the emperor has no brains?

[Yo_Mama_Been_Loggin]

5. This might have something to do with it

U.S. President Donald Trump’s huge tax cut plans might not be so huge after all, according to reports from Fox Business and the Associated Press.

Trump’s plans to cut corporate taxes and give U.S. companies incentives to bring back and invest repatriated money faces pressures to be scaled back because of the GOP’s failure to repeal and replace Obamacare. Trump also faces conservative and Koch brothers-fueled opposition to a border tax on imports and big infrastructure spending.

All that conspires against wider tax cuts that Wall Street likes and helped spur the post election rally that saw the Dow Jones Industrial Average move past 20,000.



http://www.bizjournals.com/triad/news/2017/04/14/trump-s-huge-tax-cut-plans-could-be-scaled-back.html?ana=e_tf&s=newsletter&ed=2017-04-14&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1492211197&j=77945301