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- The next stock bubble is green – Charles Schwab
The next stock bubble is green – Charles Schwab
FXStreet reports that Jeffrey Kleintop, Senior Vice President and Chief Global Investment Strategist at Charles Schwab, said that a theme with the potential to become the next bubble is “green” infrastructure.
“Alternative energy and other green stocks could benefit from proposed US, European and Chinese climate and green energy legislation and spending including electric vehicles, renewable power generation, eco-friendly infrastructure, and home energy efficiency. The scope of the initiatives is bold and includes wide-ranging goals.”
“Green stocks now appear to have given up last year’s gains and the recovery and stimulus driven gains in oil prices and interest rates appears to be moderating. This could mean it may be time for ‘green’ stocks to begin to inflate again as progress is made on the Biden infrastructure plan and Europe gets closer to deploying its green funding initiatives.”
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