Market Volatility
Investment insights from Capital Group
The U.S. has committed billions for infrastructure and renewable energy
Sources: Capital Group, Congressional Budget Office (CBO). Figures above reflect total estimated federal outlays from the CBO as compiled by Capital Group. Totals may not add up due to rounding. CBO estimates for both bills are as of August 2022.
Companies across a range of industrial sectors could participate in an infrastructure build-out
Sources: Capital Group, The Global Industry Classification Standard (GICS), MSCI. Company examples reflect some of the largest constituents (ranked by descending market value) within the MSCI All Country World Index that fall into GICS sub-industries that supply products and/or services aligned with the factors expected to contribute to capital expenditures listed above. As of 1/17/23.
Defense spending is on the rise amid growing global tensions
Sources: Capital Group, Stockholm International Peace Research Institute (SIPRI). Worldwide defense spending estimates are from SIPRI and are expressed in constant U.S. dollars, indexed to 2020. As of December 31, 2021.
Rising capital spending could spark an industrial renaissance
Sources: Capital Group, FactSet, MSCI. In current U.S. dollars. All figures represent estimates from FactSet, including projected figures for 2023–2024, as of January 10, 2023. "Other sectors" above include combined estimated capital expenditures across consumer staples, health care, real estate and financials.
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