Weekly Strategy Perspectives: Industrial Renaissance

“Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have become accustomed will draw to a rapid close.”
– Neil deGrasse Tyson

The Through Line: AI and the infrastructure needed to support its development and use have dominated much of the narrative – and stock market performance – since the release of ChatGPT in November 2022. Yet, advances in other important technologies (e.g., robotics, autonomous vehicles, drones) plus an understanding that aging infrastructure needed serious upgrades, have motivated important changes in funding and policy. Recent wars, supply chain shocks and a record-breaking moon mission add to the complexity – and the opportunity. This week, we speak with BMO Capital Markets industrials analyst Dan DiCiccio, who outlines the potential macroeconomic implications of the many moving parts.

To read the full report, click here.

BMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. Banking services are offered through Bank of Montreal. Investment management, wealth planning, tax planning, philanthropy planning services are offered through BMO Nesbitt Burns Inc. and BMO Private Investment Counsel Inc. If you are already a client of BMO Nesbitt Burns Inc., please contact your Investment Advisor for more information. Estate, trust, and custodial services are offered through BMO Trust Company. BMO Private Wealth legal entities do not offer tax advice. BMO Trust Company and BMO Bank of Montreal are Members of CDIC.

^® Registered trademark of Bank of Montreal, used under license.