The primary engine behind this move is the Venezuela Reconstruction narrative. Following the recent regime change, global markets are pricing in a massive, U.S.-backed infrastructure rebuild. This is widely considered a second derivative trade. The first derivative was buying oil stocks; the second is purchasing the materials needed to rebuild the country’s shattered power grids, ports, and refineries.On the morning of Jan. 6, 2025, Alcoa stock broke through a critical ceiling. Trading over $64.00, the stoc ...