Historically, Trump's statements on reducing government spending and ending programs deemed as 'handouts' have led to increased market confidence, particularly among investors who prioritize fiscal responsibility. The Digital Equity Act, a $2.5 billion program, is framed by Trump as unconstitutional and racist, which might resonate with his base and appeal to those seeking reduced government intervention in the economy. This could lead to a bullish sentiment in the stock market, especially in sectors that benefit from reduced government spending or those that align with Trump's political stance. However, it's crucial to consider the potential backlash and legal challenges that might arise from such a move, which could introduce volatility and affect market sentiment. The tech sector, in particular, might experience fluctuations as the Digital Equity Act aims to promote digital inclusion and could impact companies involved in related initiatives. Overall, the market is likely to react positively to the perceived reduction in government spending, but ongoing political uncertainties and potential legal battles could temper this enthusiasm.