Fear And Loathing Ahead Of Payroll Numbers
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After a morning of calm, steady gains, the markets got a significant jolt of dread this afternoon. The news hit that Israel was boosting security measures at its worldwide embassies and consulates in anticipation of Iranian retaliation for a recent Israeli attack.
This whipped the bulls and in a matter of minutes, the day’s gains turned into steep losses - nearly 2% on the S&P 500 alone. But, like the saying goes, in crisis there’s opportunity. Tonight, we’ll look at aerospace and defense stocks like NOC, LMT, LHX, and DFEN that tend to do well in geopolitically tense times.
We’ll look at other bearish opportunities in the weakening economy - bear plays in consumer discretionary and durable goods companies like WHR, MHK, and GRMN. This will be particularly important if we see a slowdown in the jobs market tomorrow. There’s a lot to cover and, potentially, a lot of money to be made, so let’s jump in…
Video Length: 00:14:18
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