Which US sectors will benefit from rising rates?

Fed expected to raise rates twice

Many expect the new US presidency's economic policy to be more inwardly focused. Huge federal spending programmes in infrastructure are expected, together with tax cuts for corporate earnings, with both measures to be financed by a federal deficit.

The US economy is significantly ahead now in its cycle compared to Europe and Japan.  The Federal Reserve has entered a new cycle in which we expect to see several rate increases, with the market already pricing in two rises. US economic growth and the labour market are sufficiently strong to warrant this.  President Trump's fiscal policy may therefore arrive in a rising interest rate cycle. Companies in infrastructure, transportation, biotech and industrials sectors may find this new economic environment attractive, as well as companies, typically smaller, with strong economic exp...