Record-high inflation, an almost certain interest rate hike, and persistent logistical disruptions have made market conditions quite dismal. However, investors see a ray of hope after several companies reported impressive fourth-quarter earnings results. According to FactSet, 77% of S&P 500 companies that have reported fourth-quarter earnings so far have beaten Street estimates.
Also, the prospects for the infrastructure industry look bright. The Biden administration’s infrastructure bill has already generated immense optimism in the sector and is supported by a rising number of Republicans, further expanding its acceptability.
