Back in the 80’s Frankie Goes To Hollywood sang ” War – what is it good for? Absolutely nothing!”
Clearly shareholders of European defence stocks in the last few years would probably disagree with the sentiments of Frankie Goes To Hollywood. Somehow I suspect that Holly Johnson and the lads from FGTH are unlikely to have any of their own investments in same said stock. However whilst the world has focused on Mag 7 US Tech stocks these European Defence Stocks have been printing record moves.
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Thanks to those of you who joined us today. I should reiterate that the Monday Market Update is just that. A big picture overview of the markets, with a few ‘charts of interest’ thrown in. There are no trade recommendations, this is not a signal service, nor trade recommendations – just what I am looking at and interested in.
Today we covered; FX STAM, Rheinmetall AG ($RHM), SAAB AB ($SAAB_B), Leonardo ($LDO), and Invesco Aerospace & Defence ETF ($PPA).
We also covered the usual suspects: $DJIA, $NDX, $SPY, $RTY, $DAX, $FTSE, $N225, $WTI, $XAUUSD, $XAGUSD, $BTCUSD, $USD, $DXY, $JPY, $AUD, $CHF, $NZD and $GBP.
Have a great trading week, and I’ll see you next Monday at 1230.
Trade well,
Paul
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April 8, 2024
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