Trade Alert: This Stock Is Not As Strong As Steel

Slowing growth, stagnant wages, higher precautionary savings, and the pandemic all weigh on consumer demand for appliances, autos, new buildings, and other manufacturing and construction applications that require steel. That stagnation feeds back into producer demand for steel itself. Jim and Dan target a leading steel manufacturer as a recent overbought rally will result in lower earnings and a correction of its stock price.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Crash Speculator, Gold Speculator and Tactical Currency Profits. An Ex-CIA insider, he is also an American lawyer, economist, government advisor and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the...

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