PAVE: Facing Trump's Budget Balancing Act
Portfolio Pulse from
PAVE, an infrastructure ETF, is rated as a Hold due to potential fiscal tightening under Trump's administration, which may limit federal infrastructure spending. The ETF has outperformed the S&P 500 but faces overvaluation concerns and lacks major future catalysts.
November 28, 2024 | 3:30 pm
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PAVE is rated as a Hold due to anticipated fiscal tightening under Trump's administration, which could limit federal infrastructure spending and impact the ETF's performance. The ETF has outperformed the S&P 500 but faces overvaluation concerns and lacks major future catalysts.
PAVE's performance is closely tied to federal infrastructure spending, which is expected to be limited due to fiscal tightening under Trump's administration. This poses a challenge for the ETF, which has outperformed the S&P 500 but is seen as overvalued and lacking future catalysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100