Jul. 4 at 2:17 PM
$QQQ $SPY $DIA $IWM
I don't like the "Big Beautiful Bill", but it is expected to provide a short-term boost to the stock market by extending and expanding corporate tax cuts, allowing immediate expensing for business investments, and increasing government spending in sectors like defense and infrastructure. These measures are likely to increase corporate profits, particularly benefiting manufacturers, small-cap stocks, and companies tied to military and infrastructure spending, which could drive up their share prices.
The long-term outlook is not so good. The bill significantly increases the federal deficit—by up to
$3.4 trillion over ten years—which could eventually lead to higher interest rates and crowd out private investment, posing long-term risks to the stock market despite the initial positive reaction from investors.
One defense stock I own is
$CW which is 1.68% over the Breakout Price.
