I work for a major brokerage firm here in the US, and something interesting happened today. The markets are down, greatly in part to the tensions in the Middle East. Yet, while most everything is down, the defense sector is up. Lockheed, Northrop, Raytheon, and others recorded new 52 week highs today. War is making the rich richer, go figure.
Thats not all they said. They said defense contractor stocks went up despite everything else going down. Defense contractor stocks always spike right before a major incident, without fail. These acts of "retaliation" are also communicated via back channels before they actually happen, so its not like the stocks just so happened to be up.
As a general rule of diversification I always keep a few war stocks in the portfolio.
Cause I was raised in America and I know that at any given moment, we are probably an incident away from invading somewhere to bring peace and prosperity to someone who hates us
Dockworker strikes are a bigger component, Israel has been at war with Iran for a while now and the market is constantly pumping to all time highs. Dockworker strikes on the East Coast directly affects the US consumer supply chain and is argued to have a greater impact than the Middle East ongoing conflict
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u/SpiritOfFire013 Oct 01 '24
I work for a major brokerage firm here in the US, and something interesting happened today. The markets are down, greatly in part to the tensions in the Middle East. Yet, while most everything is down, the defense sector is up. Lockheed, Northrop, Raytheon, and others recorded new 52 week highs today. War is making the rich richer, go figure.