Core Viewpoint - The economic policies of President Trump are projected to reduce the U.S. fiscal deficit by up to $11 trillion over the next decade, contrasting with analysts' expectations of record-high government debt levels [1] Group 1: Deficit Reduction Projections - The White House economic advisor, Milan, estimates that the combination of Trump's policies will lead to a deficit reduction of approximately $8.5 trillion to $11 trillion within the ten-year budget window [1] - About half of the deficit reduction, estimated between $3 trillion to $5 trillion, is expected to come from accelerated economic growth due to the forthcoming Republican tax cuts and deregulation measures [1] Group 2: Revenue Increases - Milan highlighted that the increase in tariffs under Trump is anticipated to generate an additional $3 trillion in revenue [1]

Group 1 - The temporary suspension of reciprocal tariffs by the Trump administration is seen as a correct decision for the global economy and may act as a catalyst for a reversal in certain stock market trends, particularly benefiting small-cap stocks that have underperformed long-term [1] - Small-cap stocks are particularly sensitive to regulatory costs and tariffs, and a relaxation of regulations could create a more favorable development environment for these companies, potentially leading to unprecedented opportunities for small-cap stocks [1][2] - Despite a robust U.S. GDP growth and low unemployment, small-cap stocks have not been able to recover, with investors favoring large-cap stocks for their perceived safety, further exacerbated by the AI boom directing funds towards tech giants [2] Group 2 - The potential for regulatory relaxation is viewed as a key to breaking the stagnation of small-cap stocks, which have not encountered a genuine opportunity for years [2] - There are three major concerns regarding small-cap stocks leading the market: the concentration of the S&P 500 in the tech sector, reliance on financing for expansion amidst high interest rates, and the entrenched investor preference for large-cap stocks due to their historical outperformance [2] - Despite significant obstacles, the current conditions may represent the closest opportunity for small-cap stocks to stage a comeback in years [3]

Group 1 - Trump's approval rating has dropped to the lowest level for any U.S. president in the first 100 days, at 39%, a decrease of 6 percentage points since February [1] - Trump urged Republicans to create a "big and beautiful" bill that includes significant tax cuts, strong border security measures, military advancements, deregulation, and spending reforms, promising it would lead to economic prosperity [1] - Trump expressed disappointment in Russia and called for an end to the conflict in Ukraine, noting a positive meeting with Ukrainian President Zelensky [1] Group 2 - The White House plans to increase enforcement against cities and states that do not comply with federal immigration laws, potentially cutting federal funding and facing legal actions [2] - Trump is scheduled to meet with the Philadelphia Eagles, the NFL Super Bowl champions, at the White House [2] - Trump announced plans to restore Columbus Day as a federal holiday, which requires congressional approval [2]