King Coal will rule again.
According to the Washington Examiner, yesterday at a rally Pence said, “on day one of a Trump-Pence administration, the war on coal comes to an end.”
“Trump digs coal.”
Based on this news, coal stocks shot through the roof today, in an otherwise acrimonious session.
WLB +17%
CNX +9%
CLD +7%
NRP +4.6%
And the coal ETF, KOL, was up a little more than 2%.
A few themes have been made abundantly clear here. Get long banks on a Clinton win, and short healthcare. On a Trump win, short the shit out of the Mexican peso and get long coal.
In addition to the miners, one has to consider getting long the rails too, as they’re the number one transporters of coal.
Clinton, of course, said she was ‘gonna put a lot of coal miners and coal companies out of business.’
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Taco and coal got it fly