[Trump's massive defense budget](https://www.cnbc.com/2026/06/30/trump-trillion-dollar-defense-budget-missile-contracts.html) just created a structural headwind that consumer staples investors are pricing as a non-event. Here's the tension: government crowding out private capital always compresses margins on price-inelastic goods first. Companies like Procter & Gamble and Walmart can't pass inflation to consumers fast enough without cannibalizing volume—they're stuck.

Research these companies