Expect significant stimulus from One Big Beautiful Bill in 2026, says Glenview Trust's Stone

Core Viewpoint - Stocks are rallying due to expectations of a rate cut next month, but there is another significant catalyst: the implementation of the "one big beautiful bill" act early next year [1][2]. Economic Impact - The economy is currently experiencing a soft patch, but anticipated tax cuts for consumers and businesses are expected to provide a stimulus, potentially revitalizing economic activity [3]. - The regulatory easing and tax relief could lead to increased consumer spending, which is crucial for the US economy [4][5]. Market Performance - Companies like Amazon may benefit from increased consumer spending, and there is hope for a recovery in the housing market as well [5]. - The focus is on avoiding a recession, as current stock prices do not reflect a significant risk of recession [6][7]. Growth Expectations - There is an expectation for broader market participation beyond just large tech companies, with hopes that small-cap stocks will also start to perform better [8].