What the Stocks Tell Us About Sequester
The betting line is NO sequester. That's right, despite the four-days-to-Armageddon rap, the stocks that are going-higher, notably the defense stocks, would indicate a deal could happen even as we "know" one isn't in the works.
Last Wednesday, the Philly defense index hit a new high. Not only that, but the stocks that performed so strongly last year, notability Huntington Ingalls (HII), the big ship maker, and Raytheon (RTN) and Northrup Grumman (NOC) all bucked the downturn this past week and rallied....423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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