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US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why
US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why
Despite the launch of Operation Epic Fury against Iran in late February, U.S. defense stocks have moved lower rather than higher, prompting a UBS analyst to pen a note to clients this week attempting to answer why the makers of missiles and tanks failed to sustain a wartime rally.
Analyst Allyson Gordon asked the question: "Why Is US Defense Performance Lackluster?"
Let's start with iShares U.S. Aerospace & Defense ETF, or ITA, a basket of major U.S. defense firms. ITA caught...
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Trump Tells Aides US Preparing For Extended Blockade, But Could Be Open To Interim Deal With Iran
Trump Tells Aides US Preparing For Extended Blockade, But Could Be Open To Interim Deal With Iran
Summary
Trump prepares for 'extended blockade' - WSJ reports he has informed aides of risky planning.
Trump TS claim: Tehran has informed Washington they are in a "state of collapse" and that the Iranians want the US to "open the Hormuz Strait" - as 'tank tops' loom.
Trump doesn't appear open to Iran's proposal which hinges on US naval blockade ending & nuclear issue being pushed to future negotiations (CNN). Tehran working on revised plan to be...
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