Wall Street’s Best ETFs | July 6, 2021
President Biden announced last week that agreement on an infrastructure bill was reached with a bipartisan group. But Republicans said, “Not so fast.” Since then, both sides have walked back their comments, and new proposals have been made. More of the same—who knows when an actual bill will be put forward?
As luck would have it, we sent you an Alert to sell Cohen & Steers Infrastructure Fund, Inc (UTF) the day before the announcement! Since then, the fund has had a decent rise, but that may just be a temporary boost. We’ll hold our “Sell’ for now. The markets continue to perform well, for the most part. Housing prices are up about 15% nationally over last year. That has been a worry for me (especially in my real estate company), but I’m seeing some stabilization now, so I don’t think the rise in prices will derail the recovery.
GDP forecasts remain strong, at 8.2%, and that is boosting consumer confidence. This month, we are diversifying into Fixed Income with an investment-grade bond fund. That should help mitigate some of the portfolio volatility.
As always, we welcome your questions and comments and hope you will join us on our July 7 Platinum Club webinar at 2 p.m. ET.
P.S. We’re booking early bird registration for our 9th Annual Smarter Investing, Greater Profits Online Conference, August 17-19. Hope you can attend!
Nancy Zambell and Kate Stalter