A multi-decade, multi-trillion dollar deficit-laden government budget proposal with increased defense spending in the absence of even a nominee for Secretary of Defense for over two months? Apologies for the run-on sentence. But, the number and combination of absurd factors is astonishing.
Nevertheless, I wonder if now is the time to overweight defense stocks or setup a bet on defense stock volatility?
Nope. There’s Still No Nominee for Secretary of Defense.