America’s deal boom signals real economic confidence

One of the clearest signals of economic confidence does not come from government forecasts or academic models. It comes from corporate boardrooms, where companies commit real capital, take real risk, and make long-term bets on the future.

That matters, because large-scale investment decisions are not made lightly. As Bank of America’s global co-head of mergers and acquisitions noted in a recent Wall Street Journal interview, “Large deals are driving the market. And when you see big deals, it’s a sign of CEO and boardroom confidence.” Companies do not pursue transformative transactions unless they believe the policy and regulatory environment will allow those investments to pay off.

RNC REGROUPS AND RECALIBRATES FOR MIDTERM ELECTION FIGHT

That confidence is increasingly evident. A late-2025 survey from EY-Parthenon found CEOs expressing strong optimism