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Wall Street is betting on Joe Biden getting infrastructure done


Wall Street is betting on Joe Biden getting infrastructure done
CNN
1 hr ago
By Paul R. La Monica, CNN Business
© Matt Rourke/AP
Motor vehicle traffic moves along the Interstate 76 highway in Philadelphia, Wednesday, March 31, 2021. Looking beyond the $1.9 trillion COVID relief bill, President Joe Biden and lawmakers are laying the groundwork for another of his top legislative priorities a long-sought boost to the nation s roads, bridges and other infrastructure that could meet GOP resistance to a hefty price tag. (AP Photo/Matt Rourke)
Wall Street is once again betting on infrastructure. And after four years of dashed hopes, investors have reason to believe Washington will finally get something done to repair highways, and spend more on telecom networks. ....

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Levered to the Economy, Regional Bank ETFs Are About to Explode


Levered to the Economy, Regional Bank ETFs Are About to Explode
March 11, 2021
Regional banks that could be one of the prime beneficiaries of a global economic recovery. ETFs like the
One of the reasons is regional banks’ propensity to move with the ebbs and flows of the economy. When the economy is thriving, regional banks can trend higher and vice versa.
“The regional banks are closer to Main Street. You could argue that they have their thumb on the pulse of the real economy more than the ivory tower types on Wall Street,” said Donald Calcagni, chief investment officer with Mercer Advisors. ....

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