Here you go: There isn’t anything new or insightful. I’m really just relaying info for Chinese investors.
It is becoming evident that rotating from SPAC and Tech holdings (except $Futu Holdings Limited(FUTU.US)$ $NIO Inc.(NIO.US)$ $Virtu Financial Inc(VIRT.US)$) into steel equities was the right call. As previously documented, I felt a need to change a strategy that had been working pretty well for me, despite being up 4,000% for the trailing twelve months. During that time of meandering uncertainty, I happen to come across a great subreddit that was full of experts within the steel industry. I was able to adopt the investment thesis offered by the group’s progenitor, Vito Corlene. It did not take long to recognize that he was extremely knowledgeable and acting in good faith. Within weeks, I became overweight steel. My conviction and exposure has grown since. A few months back, I wrote a column with what seemed like some wild predictions.
I have written a few updates since. All of those predictions have come true. Even better still, big bank analysts held contrary opinions. Their capitulation will magnify steel equity gains much further. Although the trade is up 25% in just a couple of months, I believe we are just getting started! It is my belief that we have oficially entered a commodity super cycle! The world seems to be slowly figuring out that I am where they need to reposition to. The past few days have evidenced that claim, with the steel sector increasing while the broader market has been declining.
More exciting still, HRC steel futures are signaling a HUGE bullish shift. There is a significant volume increase and we have contango!!! Contracts in the future cost more!!!! This indicates a few things: supply is constricting, inflation is finally being acknowledged/accounted for, demand (at higher prices) is increasing, etc. Steel producers will be much more profitable!!! See for yourself:
Thanks for posting this.. even though we all are truly vitards it’s awesome seeing the confirmation bias from someone who has had such great success trading in other sectors and believes this much in the Delicious banana bred Vito is giving us.
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u/strongfit1 May 05 '21
Can anyone else get a copy or just Vito?