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Stock impact report

Trump’s Tariffs Aren’t The Only Problem For The Stock Market [Forbes]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Forbes
Stocks fell again in morning trading as investors continue to show concerns over the stability of global banks following the collapse last week of Silicon Valley Bank. (Photo by Spencer Platt/Getty Images) Getty Images The stock market selloff has laid bare a crisis of confidence on Wall Street over Washington's policy direction, and tax-cut optimism — even the cuts themselves — may be not enough to lift investor spirits. “The pace and sequencing of policy reform appear to have structurally impaired confidence, impeding growth forecasts,” said Lisa Shalett, Chief Investment Officer at Morgan Stanley, in a note to clients. Meanwhile, the policy pivot to deregulation and tax relief Wall Street has been banking on since the election remains elusive. The problem isn't just politics; the math simply doesn't add up. Even under the Republican base case, the cost of extending existing tax cuts is pegged at $4.5 trillion over the next decade. That's more than double the proposed spen Show less Read more
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