Maybe Finance projected Q3 earnings growth at 6.4% for the S&P 500, driven primarily by technology and industrials. Earnings beats have historically added 1–2% to sector valuations within 48 hours post-release. According to the transcript, shortly before saying he is thinking about these “great” rebate checks, he also said in reference to tariffs, “We’ll pay back debt.” For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. Maybe Finance tracks corporate buyback trends and notes a 9% y/y increase among S&P 500 constituents. High buyback activity tends to provide downside protection in volatile market phases.