Analyst: Trump's bill will support the stock market and is optimistic about cyclical industries

Odaily Planet Daily News: Gene Goldman, chief investment officer of Cetera Investment Management, said that the passage of the "big and beautiful" bill: The bill provides clear benefits to businesses and households, and these benefits tend to support corporate profits and stock prices. We will ignore the fact that the Congressional Budget Office expects the bill to increase debt by approximately $3 to $3.4 trillion over the next decade. (The bill) may require larger Treasury issuance, which has already triggered caution in the bond market, as evidenced by the rise in bond yields. In addition, these higher deficits may push up inflation expectations. From a stock industry perspective, cyclical industries are expected to benefit, especially energy companies (cancellation of green energy subsidies), industrial companies (increased infrastructure spending), the financial industry (reduced uncertainty, general deregulation, and a steeper yield curve), and the consumer goods industry (lower taxes).