) ended Monday's session in the green, with the Dow Jones Industrial Average snapping its losing streak and rising by almost half a percent. It continues to fuel the bullish sentiment with multiple financial firms raisingTrump-era tax cuts due to expire in late 2025 could take center stage this election, as both leading candidates — sitting President Joe Biden and former President Donald Trump — say they are willing to extend the deadline.
It is the 30th new high of the year for the S and P and some may consider taking some cash off the table, but our next guest says it's important to stay invested. We'll get to that in a second, I think right now, the next 3 to 4 months, it's all gonna be about this immaculate disinflation narrative.Once you start to see some relief, once it looks like the fed is gonna get to that cut, it tends to be very profitable.
Despite rising interest rates, I look at that subset of securities, you're up 75% since the rate hike cycle starts clearly rising rates, higher rates is not an issue for these names.But you also got to remember the other side, we still don't know what the the end game is gonna be when we have inflation coming down.They've been able to keep profits high because they've been increasing prices as prices have been going up.
I mean, we have seen some research that shows that the sort of premium that those names are getting though and that they're earning also may start to shrink here.I think it's certainly a possibility, longer term, especially when I look at a stock like NVIDIA is the assumption that they're gonna keep a 70% margin moving forward.So, I do, I do think you have to broaden the horizons a little bit, but in the short term again, where you have those risks on both sides.
And, and you know, in our view that is going to keep pressure up on interest rates, uh and, and you need to focused on that gonna be spending, it's gonna help keep the economy going, uh, in our view.And as we get closer we start to see what the polls look like.Well, that's a perfect segue here because as voters prepare for presidential debate season to kick off next week, one thing that will be top of mind for some Americans is expiring tax cuts.
Um That is probably the biggest policy issue looming that we know about and rick sticking with taxes, the IRS aiming to close a loophole used by some.We're not going to get into the details, but it has to do with how you depreciate assets.
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