This world is in desperate need of infrastructure. The Cohen & Steers 2009 Global Infrastructure Report shows that clearly enough. Over the next 25 years, the world should spend $40 trillion on such projects. That includes power, sewage, roads and telecommunications… exactly what makes the
“The industrial sector currently has a 10% weight in the S&P 500. Usually it makes sense to underweight the sector when the cycle gets long in tooth and then overweight it after a big decline. You can decide for yourself whether overweighting or underweighting is the better position right now.