Steel Dynamics releases earning after the bell this coming Monday (7/19). Infrastructure is still on the menu and you can’t go wrong on any steel play – CLF, STLD, X, or whatever. Free money in the coming days/weeks. The only reason I initiated this position because of Papa Musk rumor of buyout or colab, but whatever dude; if it happens it happens, if not Biden got my back. Regardless, insiders have been buying over the last few months and steel prices are not cooling anytime soon. China and any tariff talks are not going to take place in 2021, Biden’s too busy with the Rona and unvacinated Karens.
I ain’t retarded enough for FDs but I wanted some leverage positions in STLD or I bought deep in the money call options. This is literally the second safest play beside owning shares. Come with me if you want to make money, or gamble on FDs in GME or SPCE, I don’t fucking care.
Not financial advice, just prudent recommendation. Never go full retard.