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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Almost all of our Great Republicans in the United States Senate have passed our “ONE, BIG, BEAUTIFUL BILL.” It is no longer a “House Bill” or a “Senate Bill”. It is everyone’s Bill. There is so much to be proud of, and EVERYONE got a major Policy WIN — But, the Biggest Winner of them all will be the American People, who will have Permanently Lower Taxes, Higher Wages and Take Home Pay, Secure Borders, and a Stronger and More Powerful Military. Additionally, Medicaid, Medicare, and Social Security Benefits are not being cut, but are being STRENGTHENED and PROTECTED from the Radical and Destructive Democrats by eliminating Waste, Fraud, and Abuse from those Programs. We can have all of this right now, but only if the House GOP UNITES, ignores its occasional “GRANDSTANDERS” (You know who you are!), and does the right thing, which is sending this Bill to my desk. We are on schedule — Let’s keep it going, and be done before you and your family go on a July 4th vacation. The American People need and deserve it. They sent us here to, GET IT DONE! Our Country is going to explode with Massive Growth, even more than it already has since I was Re-Elected. Between the Growth, this Bill, our Tariffs, and more, “THE ONE, BIG, BEAUTIFUL BILL” sets the United States down a fiscal path by greatly reducing our Federal Deficit, and setting us on course for enormous Prosperity in the new and wonderful Golden Age of America. To my GOP friends in the House: Stay UNITED, have fun, and Vote “YAY.” GOD BLESS YOU ALL!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement suggests potential positive impacts on defense stocks like General Dynamics, Lockheed Martin, and Northrop Grumman Corp., as the promise of a stronger military could lead to increased defense spending. The emphasis on economic growth and reduced federal deficit might boost investor confidence, positively affecting broader market indices such as the Financial Select Sector SPDR Fund and SPDR S&P Aerospace & Defense ETF. However, the market’s reaction will depend on the bill’s actual passage and implementation details.
Here are some of the stocks that might be affected:
General Dynamics ((GD)),
Lockheed Martin ((LMT)),
Northrop Grumman Corp. ((NOC)),
Financial Select Sector SPDR Fund ((XLF)),
SPDR S&P Aerospace & Defense ETF ((XAR)).