Real Estate Review: Trump Wins, REITs Re-Price, Construction Surges - iShares U.S. Real Estate ETF (NYSEARCA:IYR) | Seeking Alpha
This is an outstanding article about the dramatic rise in construction stocks since Trump has promised to build out our infrastructure. One construction ETF that the author mentioned is PKB, and I am buying it Monday morning. I believe the President will be able to keep his promise about rebuilding America, and construction stocks like PKB and VMC are the way to go except that Vulcan Materials (VMC) has a big overbought gap up that will probably come back to a more reasonable buying level.
Secondly, the author mentioned the fall of long-term bond prices, and this is related to foreigners selling bonds as well as people getting out of bonds to buy growth stocks. So, bonds are not the place to be right now. This also affects some preferred stocks since the preferred stocks may hold bonds.
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