🇺🇸 US defense stocks slide as Wall Street bets on Democrats taking Congress
According to the Financial Times, the main US aerospace and defense ETF fell 16% from July to mid-October, while the S&P 500 rose 3.5%. Investors are betting a Democratic win in next month's midterms would kill Trump's planned $500 billion boost in military spending.
Lockheed Martin is down over 20% from its March peak, Northrop Grumman and L3Harris around 35%. Analysts say Trump's pet projects like the "Golden Dome" and "Trump-class" battleships would be the first on the chopping block.
🔴 @DDGeopolitics
🇺🇸 US defense stocks slide as Wall Street bets on Democrats taking Congress According to the Financia
DD Geopolitics
@DDGeopoliticsTranscending borders in a multipolar world. Visit DDGeopolitics.com to grab some merch or follow us on other platforms. You can message @DDGeopoliticsBOT if you wish to send media, news, or have any questions for the admin team.
190,323 مشتركًا
فتح في تيليجرام