The Big 5

All fiscal policy watching market eyes have recently turned to the potential for tax cut legislation being enacted before the end of 2017. It is understood that tax cuts being enacted before the end of the year, particularly if they are retroactive to the start of 2017, would easily fall into the good news with caveats category for U.S. stocks. But what can history tell us about what to expect if we do see tax cuts signed into law before the end of the year?

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