Extreme Option Profits Chart of Day…US Steel (X)

Keep an eye on steel stocks such as US Steel (X) and Nucor (NUE) this week.

 Joe Biden has been meeting with economic advisers on a potential $3 trillion package of investments for infrastructure. He’s expected to release further details of his potential program in Pittsburgh over the next few days.

In addition, Treasury Secretary Pete Buttigieg called for a “once in a generation” investment that would address the nation’s ailing infrastructure needs.

“Across the country, we face a trillion-dollar backlog of needed repairs and improvements, with hundreds of billions of dollars in good projects already in the pipeline,” Buttigieg said, as quoted by U.S. News & World Report. “We see other countries pulling ahead of us, with consequences for strategic and economic competition. By some measures, China spends more on infrastructure every year than the U.S. and Europe combined.”

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