"Donald Trump just became president" - Fareed Zakaria
The one thing that has been missing from this Roman Circus over the past year, was a good war. By this time in his presidency Bush had already launched one war and was inventing an excuse for his second one - the one that destabilized the Middle East, leading to the civil war in Syria. A fortuitous chain of events for the Military Industrial Complex. Nevertheless, compliments of massive defense budget increases, and constant chest pounding, the defense company stocks have become ever-more overbought and over-owned. Just waiting for the bomber-in-chief to pull the trigger.
War is the ultimate recession trade. When a president can no longer wring monetary concessions via the standard legal process, the only avenue left is executive order.
Any questions?
Well now it appears, bulls finally got what they have been waiting for:
Nation-building by Lockheed Martin:
Kobane Syria after it was liberated by allied air strikes
Kobane Syria after it was liberated by allied air strikes
And yes, it's priced in: