With the escalation of the conflict in Ukraine, it's no wonder defense stocks rallied on Monday. The surprise was the drop in gold as a supposed inflation hedge.
With the escalation of the conflict in Ukraine, it's no wonder defense stocks rallied on Monday. The surprise was the drop in gold as a supposed inflation hedge. Amidst the madness, money managers are increasingly petitioning for the Fed to pivot as performance suffers. (XLP, XLU, PYPL, HYG, FCX, BX, PMT, XLU, AG).
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