Title : U.S. Defense Stocks Are Soaring On The Spectre Of War With North Korea
link : U.S. Defense Stocks Are Soaring On The Spectre Of War With North Korea
U.S. Defense Stocks Are Soaring On The Spectre Of War With North Korea
* Year-to-date, the S&P 500 Aerospace and Defense Industry sub-sector index is up 30 percent, compared to 12.9 percent for the S&P 500.
* The promise of increased military spending is boosting the U.S. defense sector, say analysts.
* President Donald Trump said in February he wanted to up military spending by $54 billion.
On Oct. 1, President Donald Trump once again took to Twitter to attack Kim Jong-un, saying that negotiating with the North Korean chairman is a waste of time. While social media mudslinging may not be the best way to deal with a hostile leader, there's at least one group who may not mind Trump's Twitter threats: defense industry investors.
Year-to-date, the S&P 500 Aerospace and Defense Industry subsector index is up 30 percent, compared to 12.9 percent for the S&P 500. Since July 3, when North Korea fired its first intercontinental ballistic missile and Trump said in a tweet, "Does this guy have anything better to do with his life?" the index has climbed by 14.3 percent.
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WNU Editor: It makes one wonder .... what do people with money know that we do not know.
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