Part of the problem, Wessell says, may have been in the marketing. Promises were made that the stimulus would save or create 3.7 million jobs. That backfired, and now it’s far from being seen as a success.
Infrastructure ETFs have all topped their 200-day moving averages this year. Will they remain there as spending continues? Watch them closely to see what happens.
- SPDR/FTSE Macquarie Global Infrastructure Fund (GII): down 0.8% year-to-date
- iShares S&P Global Infrastructure Fund (IGF): up 9% year-to-date
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