A group of multicolored elevators at United Rentals.
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UBS issued a comprehensive guide this week to investing in President Joe Biden’s massive infrastructure proposal, complete with equities and analyst guidance.
The UBS guide predicts that the eventual size of the US Jobs Plan will be much smaller than the current $ 2 trillion, titled ‘Reflection on Infrastructure’, but that it will nevertheless be a further wind for cyclical stocks.
“Economically sensitive value stocks should get a boost as investors reevaluate their future earnings potential and valuation, while higher rates will be a headwind for growth stocks,” the team of UBS investment strategists wrote.