President-elect Donald Trump’s surprise win boosted infrastructure stocks in the recent market rally… but will the gains ultimately tumble?
Trump promises programs to jump-start the economy, provide jobs, and rebuild America’s shaky infrastructure of railroads, bridges, roads and countless other projects. And maybe Congress will go along with the plan.
That promise helped drive the 6-week stock market rally that propelled the major indexes to dizzying heights, taking infrastructure stocks along for the ride.
Trump’s plans for a $1 trillion spending binge over the next decade or so gives pause to factions on both the right and the left. But make no mistake… It’s this particular promise that has markets, employers, financiers, laid-off employees, union members and stockholders giddy with anticipation.
It might be time to take a slight pause on these infrastructure plays that skyrocketed so high and fast—on hopes and dreams yet to be realized…