'Big Short' investor Steve Eisman looks beyond tech and is making a big bet on infrastructure
While a handful of mega-cap tech stocks continue their ascent into sky-high valuations, Steve Eisman cited less enthusiasm for the sector, noting that his attention is on a different investment.
In his view, the so-called greenification initiatives introduced by recent local and federal policies will open the doors to a serious investing opportunity. For example, as higher electricity demand is brought on by the expanded use of electric stoves, the grid will have to be redeveloped. Also playing a role in his prediction is the overall state of US infrastructure, which he characterized as in deep need of an upgrade. in the face of climbing interest rates. Instead, he noted that greenification, infrastructure, and industrial onshoring were worth looking into.
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