Analyst: Trump's policy will support the stock market, optimistic about cyclical industries.

date
17/07/2025
Gene Goldman, Chief Investment Officer of Cetera Investment Management, expressed approval of the passing of the "Big and Beautiful" Bill, stating: "The bill provides clear benefits for businesses and households, and these benefits often support corporate profits and stock prices. We will overlook the fact that the Congressional Budget Office estimates that the bill will increase the national debt by approximately $3 to $3.4 trillion over the next decade. It may require larger government debt issuance, which has already prompted caution in the bond market, as evidenced by rising bond yields. Additionally, these higher deficits may raise inflation expectations. From a stock industry perspective, it is expected that cyclical industries will benefit, particularly energy companies, industrial companies, financial industry, and consumer goods industry."