I assume everyone gets the script today: U.S. is going to increase tariff until manufacturing returns to the U.S. If necessary, there will be more rounds of tariffs. If that leads to recession, great! Both the inflation problem and the U.S. national debt interest problem will go away.
To support manufacturing, steelmaking and aluminum are must haves. Both are energy hogs and require dramatic development of electricity generations. Renewable energy is sometimes cheaper, but they are intermittent energies. Developing nuclear energy is not a near-term solution, so that leaves us natural gas and coal. Do we see any near-term catalyst for coal and natural gas?
Or we go directly to X and AA? Their IV is pretty high though: 45% to 50% for June 20 calls. I can see 100% tariff for both categories.