Domestic manufacturing sectors like defense, aerospace, commodities, infrastructure, and utilities are expected to grow, while import-reliant global retailers, highly indebted companies, low-margin tech firms, and export-dependent emerging markets may decline.
"Defense, aerospace, commodities, infrastructure, and utilities will increase. And safe haven, hard assets will matter again, and losers will be global retailers reliant on imports, debt-loaded companies, tech firms with slim margins, and emerging markets tied to exports."