42: Let’s rebuild America


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The recent soft patch in growth and dovish shift from the Federal Reserve has made it less likely that the US enters recession next year. While 2019 may not be the year that the US wholly reinvests in its crumbling infrastructure, it’s certainly at the top of both parties’ 2020 policy targets and neither side will want to be outdone. The market has become very pessimistic about infrastructure-related stocks' prospects but we see several potential catalysts that could trigger a rebound over the next two years.

Joining Max on the podcast are Tim Drayson and Lars Kreckel to discuss the team’s contrarian ‘Rebuilding America’ theme and the outlook for US fiscal and monetary policy. Please note that figures are correct as of the time of recording in March 2019.

Read Tim’s latest blog on the US economy here:

Read Lars’s latest blog on US infrastructure stocks here:

• Tim Drayson, Head of Economics
• Lars Kreckel, Global Equity Strategist
• Max Julius, Senior Investment Communications Manager

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