Interest Rates Trump Profit Growth
Financial markets increased in June reflecting the resilience of investor sentiment in the face of tariff disruptions and despite US profit growth estimates continuing to be revised lower.
Investors were positive following the passage of President Trump’s “Big Beautiful Bill”, which is set to inject significant fiscal stimulus into the economy.
The Bill directs hundreds of billions toward the defence, infrastructure, energy, and manufacturing sectors, while also extending pro-corporate initiatives such as regulatory rollbacks and tax cuts.