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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview2008's housing crash might be long over, but Steve Eisman is not done looking for the next big macro trade. The investor — famous for his subprime mortgage bet, as documented in "The Big Short" — is now eyeing infrastructure as biggest winner of today's conditions. "You take all four of those boxes, and you turbocharge them by the fact that the United States has not had an industrial policy in anyone's lifetime," Eisman said. While Eisman believes in AI and infrastructure, he has no faith in crypto's potential, he said.
Persons: , Steve Eisman, Eisman, Neuberger Berman —, they've, Eaton, United States — everybody's Organizations: Service, Business, JPMorgan, Apple Locations: United States
Steve Eisman is looking beyond the hype around tech, and is betting big on US infrastructure. He cited one utility stock that's jumped 34% year to date, due to infrastructure needs. Citing a utility stock called Quanta Services, he said "the opportunities for the company have been enormous, so the stock has been revalued." Eisman has bet on the grid since at least February, when he said that tech stocks might struggle in the face of climbing interest rates. Though he said on the podcast that tech stocks are investible for a long time, he said it's unclear how they may move in the future.
Persons: Steve Eisman, Bloomberg's, , United States — everybody's, Neuberger Berman, Eisman, — Eisman, it's Organizations: Service Locations: United States
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