From the White House to Wall Street

How political decisions in Washington reprice stocks—fast

Executive Brief

• New tariffs, subsidies, and federal contracts can move cash flows, risk premia, and valuation multiples within days.

• 2025 is a live-fire test: tariff resets and national-security spending have already re-rated names in semis, defense, space, and critical minerals.

• Don’t confuse contract ceilings with obligated dollars. Follow disbursements,…