On July 4, Jin10 reported that Gene Goldman, Chief Investment Officer of Cetera Investment Management, commented on the passage of the "Big and Beautiful" bill: the bill provides clear benefits for businesses and households, which often support corporate profits and stock prices. We will ignore the fact that the Congressional Budget Office estimates the bill will increase debt by about $3 to $3.4 trillion over the next decade. (The bill) may require a larger government debt issuance, which has already triggered caution in the bond market, evidenced by the rise in bond yields. Furthermore, these higher deficits may push up inflation expectations. From the perspective of the stock industry, cyclical sectors are expected to benefit, particularly energy companies (removal of green energy subsidies), industrial companies (increased infrastructure spending), the financial sector (reduced uncertainty, general deregulation, and a steepening yield curve), and the consumer goods sector (tax cuts).