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Cohn predicts market rally, says stocks haven't priced in tax cuts

Gary Cohn speaks with Axios' Mike Allen at a News Shaper event. Photo: Chuck Kennedy / Axios

Gary Cohn, Trump's Director of the National Economic Council, told Axios' Mike Allen at an Axios News Shapers event that he thinks the stock market highs are driven by economic growth, not the tax bill.

The big quote: "I think there's a lot more momentum in the stock market," Cohn said, pointing out that he thinks that "tax cuts are not priced in."