There's no shortage of exciting headlines for investors to parse in search of investment opportunities, whether they relate to the AI craze or the presidential election. But when it comes down to it, an "old school" corner of the market is likely to be a much safer bet long term, says Bank of America.
"One area of concern presents strong investment implications: ailing U.S. infrastructure and the case for a long and strong 'old school' [capital expenditure] boom," writes Savita Subramanian, BofA's head of U.S. Equity Strategy and U.S. Quantitative Strategy.
