A massive wave of supply-side incentives and direct stimulus is set to propel the U.S. economy toward a 15% earnings growth surge in 2026, says Jason Trennert, CEO of Strategas Research Partners, as tax provisions ignite a domestic manufacturing renaissance.

Stimulus Meets Industrial Growth

Speaking on the Real Eisman Playbook, Trennert highlighted President Donald Trump‘s “one big beautiful bill” as the primary catalyst for economic resilience in 2026.

This legislation is expected to inject approximately $150 billion into the system via tax refunds and immediate stimulus. Beyond consumer spending, the bill's “supply-side” provisions are designed to overhaul the U.S. industrial landscape.

Specifically, new rules allow companies to write off the entire cost of building a domestic factory immediately, rather than depreciating the expense over a decade.

Trennert suggests this will compel CEOs to shift from financial engineering, such as stock buybacks, toward “real engineering” and capital spending.

A Confluence Of Tailwinds

The optimistic 14% to 15% earnings growth projection is supported by a unique alignment of cultural and economic events. ...