The overall framework of Trump 2.0 policies—since July, all macro and industry-related thoughts and judgments have been based on this framework and the July 21 tweet. The Beautiful Act represents the entry into Fiscal Expansion 2.0 + industry expansion driven by new technologies (AI + Crypto, with AI accelerating further) + a return to the rate-cutting cycle, signaling the continuation of limited easing. This marks the beginning of an entirely new economic cycle.