Keeping America Safe, WH Beefs Up The Defense Sector
$DIA, $SPY, $QQQ, $VXX
US President Donald Trump is expected to sign an ER (executive order) that will direct a review into whether United States military suppliers would have the ability to keep the military stocked during wartime.
Nextgov reports that the Pentagon will lead the multi-agency review, which also will include the Departments of Homeland Security, Commerce, Energy, and Labor.
Peter Navarro, who works as the Director of the White House Office of Trade and Manufacturing Policy, said the robust review is overdue.
The project is “one of the most significant presidentially led actions on the state of the defense industrial base since Dwight Eisenhower was in office,” Mr. Navarro said.
Mr. Navarro added that as part of the ER, President Trump would receive an unclassified report 9 months after the order is signed.
A recent report suggested that the US and England might not need a robust Navy moving forward and instead could consider more cost-effective ways to keep their countries safe.
Friday, the US major stock market indexes finished at: DJIA -31.71 at 21580.07, NAS Comp -2.25 at 6387.72, S&P 500 -0.91 at 2472.55
Volume: Trade on the NYSE came in moderate with 837-M/shares exchanging hands.
- NAS Comp +18.7% YTD
- S&P 500 +10.4% YTD
- DJIA +9.2% YTD
- Russell 2000 +5.8% YTD
| HeffX-LTN Analysis for DIA: | Overall | Short | Intermediate | Long |
| Bullish (0.34) | Bullish (0.43) | Neutral (0.19) | Bullish (0.42) |
| HeffX-LTN Analysis for SPY: | Overall | Short | Intermediate | Long |
| Bullish (0.36) | Bullish (0.38) | Bullish (0.38) | Bullish (0.33) |
| HeffX-LTN Analysis for QQQ: | Overall | Short | Intermediate | Long |
| Neutral (0.23) | Bullish (0.33) | Bullish (0.29) | Neutral (0.06) |
| HeffX-LTN Analysis for VXX: | Overall | Short | Intermediate | Long |
| Bearish (-0.42) | Bearish (-0.29) | Very Bearish (-0.52) | Bearish (-0.46) |
Have a terrific weekend.
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