More War = More $$

Buy Now! Says Wall Street

As piles of corpses mount in the Middle East, weapons investors are laughing all the way to the bank.

So reports Bloomberg, citing the ongoing zoom in defense stocks: “The S&P 500 Aerospace & Defense Industry Index has already climbed 20% this year and is hovering near a record. If the advance holds through the end of 2024, that would mark the largest such increase since 2019 ... .Cash has poured into the $6.3 billion iShares US Aerospace & Defense ETF this month as well. The fund is already looking at its biggest inflow since April and trades a whisker away from an all-time high.”