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DBS: US equity market outlook dependent on Trump’s tax cut promises

Though the US equity market has regained its footing, with the S&P 500 index rising 0.85% over the past week, the market is highly dependent on President Donald Trump’s promised tax reforms, according to DBS. “President Trump needs to restore market confidence in his ability to deliver on his promises,” DBS says in its latest investment note. “Disappointment on the…

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