21th April 2026
EIDE Briefings
-Trump has to end the war at least before the end of May
Because of the originally low tax rate on gasoline, the US government has limited policy choices.
Other developed countries like Japan have introduced subsidy.
With the available choices scarce for the administration, the U.S. has to control the rise of gasoline prices by force, especially before the driving season to set in.
<Motor Fuel Tax Rates by country as of December 2021ー国別の自動車燃料税率>
Source: US Department of Energy
While EPS growth painting a constructive picture, equity prices are struggling to find direction.
It is a good opportunity to increase equity investment.
<S&P EPS growth>
Source: JP Morgan Asset Management
https://am.jpmorgan.com/sg/en/asset-management/per/investment-ideas/case-for-US-equities/