U.S. Futures Rise Again as President Trump Continues to Collect "Wins"

Stocks are buoyed by Trump’s wins on the fiscal front

Highlights

• Stocks are buoyed by Trump’s wins on the fiscal front

• The U.S dollar index continues its slide

• AI hype attracts retail investors at record levels

• Steep tariffs are ignored as tail risks subside

Key Takeaways

• U.S. Stocks Cheer for Trump’s Wins: The big, beautiful budget bill prevailed 51-49 in a crucial Senate test vote over the weekend, after intense talks with the White House that included presidential primary threats on some holdouts. The Republicans have arithmetically decided not to include the $3.8 trillion tax extension as a source of future deficits. The fiscal hawks are caving, and now equity market investors will have something else to rally around.