Trump foretells "something big will happen", will the first post-reelection speech to Congress cause a market frenzy?

On the evening of March 4th, at 9:10 p.m. Eastern Time, President Trump will deliver a speech at a joint session of Congress. Trump previewed on social media platforms on the 3rd, saying, "There will be a big event tomorrow. I will speak the truth." This speech is referred to as his "American Dream Revival" narrative, which is a critical moment in the early stages of his second term, as voters chose him to address inflation and improve the economy, starting to weigh the impact of his agenda. In this speech, Trump will focus on four main themes, covering domestic and foreign policy. White House officials revealed that the speech will focus on four main themes, including the achievements of his government, economic policy, pushing Congress again to pass additional border security funding, and a global peace plan. Trump's first six weeks in office have seen him rapidly roll out his policies, announcing a series of tariff policies, significant cuts to government departments and agencies with the help of his ally Elon Musk, open disagreements with Ukraine on reaching a peace agreement with Russia. Earlier on Tuesday, the U.S. moved forward with the largest series of new tariffs in nearly a century, imposing tariffs on a large number of goods from China, Canada, and Mexico. Now, Trump must convince voters - and more importantly, the representatives who represent them in Congress - that his scorched-earth strategy not only pays off but is a wise choice, despite economic and political headwinds building up. So far, the message Trump has sent to lawmakers from both parties can be summed up as: either join in or get out of the way. It has largely worked, clearing opposition to significant cuts in government spending and workforce and dramatically reshaping U.S. foreign policy. However, this go-it-alone approach may face constraints this week as he demands Congress pass more ambitious goals, including extending 2017 tax cuts and addressing more pressing issues such as preventing an imminent government shutdown. Trump needs to prove that his policies are working and garner widespread support for a legislative agenda at a pivotal moment when the public is increasingly concerned about the economy, putting pressure on the president and his interests. Republican pollster Whit Ayres said, "I'm eager to see whether he truly talks about his campaign agenda, rather than a 2025 agenda." He referred to a conservative policy blueprint established by a traditional foundation, which Trump denied during his campaign last year. Inflation and tariff issues So far, Trump has portrayed his dizzying array of tariff policies as a panacea for what he describes as economic woes in the U.S. In addition to imposing tariffs on Mexico, Canada, and China -- America's three largest trade partners -- Trump has also taxed steel, aluminum, and copper imports to protect industries vital to national security; plans for tariffs on cars, pharmaceuticals, chips, and wood aim to boost domestic manufacturing. Trump has also announced a reciprocal tariff regime to end what he calls unfair trade practices. However, surveys show growing concerns among Americans that prices will remain high, even rise, partly due to the tariffs Trump plans to impose. In January, U.S. consumers also cut back on spending on cars and other goods, which could raise concerns about the resilience of the U.S. economy. Trump has achieved initial success in curbing illegal immigration, an issue that helped get him elected in November. Border conflicts sharply decreased in February, although detentions have slowed down as Trump deployed troops and technology at the border, increased deportation flights, and expelled some arrested immigrants to Guantanamo Bay. House Republicans approved a budget plan that allows Congress to start work on Trump's legislative priorities. Tech and pharmaceutical companies have announced plans to invest thousands of billions of dollars in the U.S. However, if anxiety over inflation persists among voters, it could threaten the Republicans' chances of retaining control of Congress in next year's midterm elections. During his campaign, Trump promised to curb inflation on his first day as president, but beyond tax cuts and encouraging more domestic energy production, he has not detailed plans to control consumer costs. Trump has said his tariffs will rebalance America's trade relationships, impose minimal costs on Americans, and generate huge revenues to fund his tax cuts and reduce the federal deficit. However, trade experts and economists are skeptical about whether they can achieve all or even most of these goals. DOGE Cost Cutting Musk's cost-cutting campaign at his Department of Government Efficiency (DOGE) has gone further in reducing agencies even beyond some of Trump's supporters' expectations, triggering opposition from some of the president's senior officials and anger at a town hall meeting held by Republican lawmakers and voters. Trump brushed off these minor conflicts, saying on social media on Monday that they were the result of "troublemakers hired to disrupt the meeting." Musk's high-profile cost-cutting campaign could become a political liability for Trump. Data published on the U.S. Government Accountability Office website about surplus funding is riddled with errors and falls far short of the $1 trillion sum of waste, fraud, and abuse Trump has claimed. The measures to reduce the federal workforce, abandon government contracts, and unilaterally cut foreign aid have become battle cries for Democrats. Yet Democrats' disjointed response to Trump's speech exposes their lingering internal divisions. Some Democratic lawmakers plan to boycott the speech, while others expect to organize federal workers and other affected employees. Global conflicts Trump is also expected to tout his efforts to resolve conflicts in Gaza and Ukraine, despite resistance from Arab countries to his forced relocation plan in Gaza and his standoff with Ukrainian President Zelensky in the Oval Office casting a shadow over breakthrough prospects on both fronts. Victoria Coates, Vice President of the American Enterprise Institute and Trump's former National Security Advisor, said, "I believe the President will present a vision."Some specific suggestions, which will kickstart our discussion on how to end this war, a dialogue that has not taken place in three years.Je ne comprends pas.