(Answered) Recently the us congress passed a tax-reform bill

Economics

Recently the U.S. Congress passed a Tax-reform bill decreasing the personal, and corporate income tax rates. Generally, stock markets welcome the news of tax cuts. The initial, but short-lived hike in stock indices, was followed by a huge crash in the stock market. What do you think are the likely reasons for this volatility in the stock market? Given the current scenario, what would be your advice to someone, who's in their 60's, and is interested in investing in stocks?

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