As the eve of the election approaches, Wall Street is starting to ponder again—recent signals from Trump have been interpreted by investment banks as one thing: big stimulus to boost the economy.

From calls to cut interest rates to measures to limit credit card interest rates, the logic behind this combination of policies is clear—maintain economic activity and reduce living costs for the public. What’s the result? Cyclical stocks are set to rebound, while defensive sectors should take a back seat. Industrial, materials, and non-essential consumer goods sectors are all on the buy list of investment banks.

Raymond James’s latest report directly concludes: with policy tailwinds and signals to promote growth, an economic cycle recovery is inevitable. UBS is more straightforward, saying this is an election-driven move; the core factors influencing voter preferences are prices, mortgage rates, and oil prices.

Many worry that Trump’s proposed cap on credit card interest rates could hit bank stocks, but JPMorgan Chase sees further ahead—this is short-term pain, and actually an opportunity to buy bank stocks. Meanwhile, they remain optimistic about cyclical stocks, reasoning that falling inflation can still leave room for economic stimulus.

Of course, BTIG has issued a warning about a risk: the S&P 500 is approaching the 7000-point mark, and historically, five times it has hit this level, four times it has pulled back. But the consensus among institutions remains—the short-term volatility shouldn’t scare you. With growth-promoting policies and corporate earnings supporting the market, cyclical stocks are likely to be the main players in this round of market activity.