The U.S. Is at War: RTX, BA, NOC and LMT Are Smiling

The U.S. is involved in the Israel Iran war. The U.S. is doing more than providing intelligence and logistics support. This market of the past five years does not appreciate risk of any kind.

I would have expected some rotation out of equities into Treasuries (even though one can’t earn an honestly calculated “real” yield), and into Gold, and a bit of a rotation out of Treasuries into Gold, all of which may be happening on a small scale.

Since 1963 if not beforehand, the CIA has run U.S. foreign policy as it has managed to serve up turmoil and regime change regardless of who sits in the Executive Branch, or which party controls Congress (Congress has been marginalized), never mind the feckless State Department.

The Iran war has just begun in my view. In which case go long RTX, BA, NOC, LMT, as these Defense contractors write the large donor checks (including black bag diplomacy), which fills the CIA’s coffers.

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