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Equities—In Depth

A deeper analysis of investment trends and topics across asset classes and global markets.

June 3, 2021

Ken Johnson, CFA, Investment Strategy Analyst

Chris Haverland, CFA, Global Equity Strategist

Krishna Gandikota, Investment Strategy Analyst

Potential opportunities as Congress weighs infrastructure

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Key Insights

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  • President Biden's proposed $2.65 trillion American Jobs Plan and his $1.8 trillion American Families Plan seem likely to pass as proposed. We expect Congress to approve the spending proposals largely as proposed.
  • We believe that the infrastructure spending plans could lift longer-term productivity and growth, potentially benefiting the Communication Services, Industrials, Materials, and Information Technology sectors and, particularly, the Utilities sector.
  • Moreover, beyond the potential opportunities among our current list of favored equity sectors, we anticipate the American Job Plan’s emphasis on clean energy, clean water, and improving underserved communities should continue to support environmental, social, and governance research and products and could expand the landscape of private capital investments into digital infrastructure.
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