Replies to post #26838 on The Rising Influence of Rising Affluence

[santafe2]

I don't disagree with your point however transports and housing are both still in a bottoming process. Oil and gas are robust and infrastructure may be in the next year or so if Republicans don't gain enough control to fight this spending.

I stand by my assertion. As long as spending has moved away from tech, especially semis, and interest rates are moving northward, the economy is a mixed bag and I don't expect a robust rebound. It will be interesting to revisit this issue in six months.

[jbog]

CAT’s prospects are strongly tied to the housing market, the transportation market, the oil and gas market, and infrastructure projects, so we’re talking about much more than 3% of the SPX when all is said and done.

Cat's main customers in most of those sectors are funded by the spending of governments. Not real money as far as the econ goes.