Infra to the moon!

I believe that under Joe Biden's Presidency, investment in infrastructure will rise as this has been one of his key campaign promises and can also be understood from his ambitious investment ideas. This ETF covers the demand for steel and as investment in infrastructure rises, the steel demand will also rise leading to a sharp increase in this ETF's share price as President Biden keeps pumping in more and more money into the economy to revive it from its historic fall and what better way to do it than investing in an industry that is known to create the most jobs? The infrastructure industry is known to provide a huge number of jobs and after the massive job losses that the US faced, it will be ideal for the President to invest heavily in infrastructure projects.

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Infra to the moon!

Feb 13, 2021

bullish

general Analysis

[1 min Read]

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I believe that under Joe Biden's Presidency, investment in infrastructure will rise as this has been one of his key campaign promises and can also be understood from his ambitious investment ideas. This ETF covers the demand for steel and as investment in infrastructure rises, the steel demand will also rise leading to a sharp increase in this ETF's share price as President Biden keeps pumping in more and more money into the economy to revive it from its historic fall and what better way to do it than investing in an industry that is known to create the most jobs? The infrastructure industry is known to provide a huge number of jobs and after the massive job losses that the US faced, it will be ideal for the President to invest heavily in infrastructure projects.

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SLX

VanEck Vectors Steel ETF

51.22

-0.60
-1.15%

Return

7.66%
Change % Since Posting
3.65
Change Since Posting
47.57
Price When Posted

Metrics

52.33
Target Price
7/ 10
Confidence
1-2 Months
Timeframe
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