MAGA and the Trump-led tax reformFrom the start of MAGA (Make America Great Again) POINT BRIDGE GOP STOCK TRACKER ETF started around September 7th it has been climbing. Around October 5th it reached its point climbing around 5.99%. In the last month is has only gained 0.42%, and in the last week lost 0.23%. This ETF is a compilation of companies that invested the most during Trumps election. I believe that the current await of the tax reform is causing a stall in corporations. Depending on the changes will depend on the "ramp up". If Trump gets his way, companies will get a tax break and stocks will Bull forward for the next few years.. If the Trump-led tax reform does not. Bears will be emerging out of their caves.
My prediction is that the tax reform is going to be great for the stock market and after a gap that is needing to be filled, this stock will again be a slow chugging train back on up the track.
