Traditional wisdom believes that as the future deadline for customs settlements approaches, the market will become more dangerous, especially due to highly valued stocks. I don’t know who writes these stories. I always check bylines, but I have never worked or hired them. I’ll tell you this. The lack of knowledge about how the market works hurts. Their tinsel knowledge of market history is never tolerated in any classroom. They mean what we called Harvard Crimson, a “filler-up story,” a story that had to be written because we needed a copy. In fact, the deadline is approaching, but there is no connection between the highly valued stock and the event on hand. I actually look forward to some harsh news about Korea and Japan before August 1st. This is the Trump administration’s “strict deadline,” as Commerce Secretary Howard Lutnick said, when the new country-specific obligation rate comes into effect. Korean auto companies “manufacture” vehicles here, while the White House insists you that they’re just assemble them here, but the more highly regarded cars are made in their home country. Japan is even less here, but is defended like Korea by our soldiers. We could see President Donald Trump calling for that fact to be placed on some whimsical numbers – call it a 35% tariff on imports – because that level is locked in. So we even doubt we’ll reach the August 1st drop dead date without any further drama. Do people who trade or invest in think that tariffs will affect the most valued stocks? All of these have room to run. Because if you’re willing to pay 100 times more revenue, it means you’re not going to pay 200. That is the gospel. Why do these writers don’t know about it? Can Palantia be stopped at Canadian customs? Ah please, and if the code gets knocked down, it happens again. It will never be held back. Turn this moment into your mind and question what supports a market that is close to records as the second quarter revenue season regains steam (five club names have been reported this week). There are 10 things on the list, but some are already happening, others are looking more forward. First and most obvious: the revenue was amazing. Yes, there’s an occasional Abbott Lab. This was brutalized by China or Netflix. However, the banks have set a tone and all pastiches that closed the week have become very strong. I hope it continues, and the only potential weakness is the drug maker. There are no blockbusters and some very weak pipelines. It was a brutal year for the whole of healthcare, sitting last among all 11 sectors of the S&P 500. Secondly, I think Trump’s “big beautiful bill” contains so many provisions that boost the economy, so I think we need to rethink the potential for disrupted consumers. Consider these. It is an extension of the 2017 tax cut set to expire at the end of this year, and could lead to effective tax increases across the income cohort. This is especially useful for people under $100,000. Tax credit worth up to $25,000 for employees who have obtained hints of a big victory over the working class. Millions of American workers stand to benefit from this. The standard deduction increased to $31,500 (from $30,000) for married joint filers and $15,750 (from $15,000) for single filers. This will make taxes easier and bring greater benefits. The maximum child tax credit of $2,200 per child affects families of about $4,000. The Expanded 529 Savings Plan plans to cover workforce credentials programs in areas such as trading. The new deduction on interest on car loans made in the US has earned $10,000 a year. For higher income users, the size of the deduction will be reduced. Tax savings and savings describes newborns, the so-called “Trump Accounting.” Several tax cuts for seniors regarding social security benefits. These are the great benefits of bringing hundreds of billions of people in the US economy, and no one seems to care. Customs duties are important. But these have been spent on the hands of the spenders. Third, businesses earn more tax mitigation than anyone else on the costs of spending, building, research and development. Accelerated deductions and credits to build things create another boom. I talked about these in a previous article. Every time I’ve seen this kind of relief, it generates far more spending and work than anyone would expect. Fourth, we seem to have forgotten how they signal Washington to have the company built here to get some relief from the White House. There is also a reshanling to compete. Certainly, the White House may be cautious about Apple’s $500 billion in the US economy over the next four years, but I am not. Fifth, the amount of buildings needed to be done for data centers and electrical grids is so huge that it could be considered to be the largest public works campaign in history. Don’t forget that overhauling nuclear power is a huge project. Sixth, the new stress test in the Federal Reserve allows banks to lend far more than they currently are. We forget how much heat there is in the banks and how incredibly conservative they are in the wake of the financial crisis. That’s over. The seventh, the opening of all kinds of land for excavation and the approval of a huge number of new pipelines will create the second renaissance of the US energy sector. Eighth, they are a huge source of work, as there are so many businesses in the two industries and are very important to the US economy. Boeing has to expand to meet new orders, and defenses that are exhausted by Ukraine. The heavy components of this sector are a new kind of weapon, including drones. Ninth, I think the initial public offering market is ready and ready, creating new jobs and new wealth for employees, and maintaining the profits of investment banks. We own Goldman Sachs for the club. And finally, at No. 10, especially when it comes to mergers and acquisitions, it was very easy to bet on stocks for a long time, as the Biden administration was so anti-business. That’s over. Currently, short sellers are extremely scared to lean on stock. Last week, I saw a rail rally and crushed my shorts on the weak transport revenue. Now, again, it appears that Trump is doing anything necessary to derail us in an incredible way. But we need to think more creatively. When we hear of him firing Fed Chairman Jerome Powell, all you need to think about is that no matter what, the lower rate will be ahead. I don’t think it’s because of the weak economy because of what I just detailed, but Trump wants to have a domestic gross product boom, so I can say that we are the fastest growing and most powerful country in the world. That’s what makes America so wonderful. Even if you think it’s a huge scam, don’t forget that Trump has created a situation that could lead to the opposite of saying “filler-up stories” arise through the huge holes in budgets and professional business institutions. (Jim Cramer’s charitable trusts are the long GS and ABT. See the full list of stocks here.) As a CNBC Investing Club subscriber with Jim Cramer, you will receive a trade warning before Jim can make a trade. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he will wait 72 hours after issuing a trade alert before running the trade. 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