Numerous indicators are showing the nation’s economy is thriving as we move toward spring.
Jonathan Allen, Financial Advisor and Manager with Allen Wealth Management, shares how the health of the stock market, news of tax reform, and growing interest rates are supporting that claim, on this week’s Mind Your Business, a weekly radio program produced in partnership between the Boone Area Chamber of Commerce and High Country Radio.
Allen explains the impact of the transition to the Trump presidency and its effect on the stock market. He also discusses what to look for in the near term as the economy feels the effects of numerous influences related to politics and beyond.
“I think tax reform is going to be the biggest driver of the market going forward,” Allen said. “If we start to see stumbles with health care related things, that may slow down some of the tax reform. I think a lot of what the market is built on right now is the expectation that companies are going to be able to be more profitable because they aren’t paying as much in taxes. I think that is also going to be stimulative for us as individuals if we are not paying as much in taxes.”
Mind Your Business is a weekly production of the Boone Area Chamber of Commerce. The program highlights chamber members and allows for a deeper conversation about their history, impact on the community, and upcoming events. To hear your business featured on the program, contact David Jackson at firstname.lastname@example.org.
Tune in each Thursday at 10am for Mind Your Business on WATA (AM1450/96.5FM).