While The Fiscal Cliff Deadline Nears, Defense Stocks Surprisingly Soar

While The Fiscal Cliff Deadline Nears, Defense Stocks Surprisingly Soar
News
Like Us On Facebook
Like Us On Facebook

Here’s something that most people did not expect to see. With only days until the Fiscal Cliff is reached, defense stocks (measured by the ITA ETF) are at some of the highest points they have been all year.

This is shocking, seeing as how everyone and their mother expected that with no Fiscal Cliff deal, the stocks would plummet.

Maybe the market is still expected that a deal will be reached in the near future.

Then again, maybe the theory of plummeting defense stocks without a deal was simply wrong to begin with.

Paul Hudson | Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Robert Gordon

Hailing from Queens, New York, Robert Gordon can be found running the World News section of Elite Daily or roaming NYC on photographic expeditions. A diehard sports fan who’s had his heart constantly broken by the Knicks and Mets, Robert can be seen donning orange and blue attire all throughout the city. Under the moniker Robbie Fingers, he creates visuals from music videos, to short films with his partner, ManuallFocus.

More In News

World Sean Levinson

Special Needs Kid Is Severely Bullied, Needs Testicle Surgically Removed

Any hope that extreme bullying was going extinct has been shattered by California elementary school kids who beat a mentally disabled boy so severely he needed to have a testicle removed. Josefina Corona told NBC Los Angeles that her 8-year-old son was physically and sexually abused at Miramonte Elementary School from April 2012 until June 2013 when […]

World Emily Arata

It Turns Out That Coffee May Actually Help You Live Longer

Coffee will not stunt your growth. Neither will it kick you into an empty grave, give you cancer or anything else your mother threatened over the years as you poured another cup out of the pot. In fact, Time reported that new research by Dr. Rob van Dam, a nutrition expert at Harvard’s School of […]

World Sean Levinson

Obama Gives Speech To Honor Jim Foley, Promises To Seek Justice On ISIS (Video)

Disclaimer: The above video does not contain any graphic images or footage.  President Obama responded to the death of James Foley with an angry speech, honoring the fallen journalist and assuring his killers will meet their demise. Of the Islamic State, which beheaded the 40-year-old photojournalist in a video uploaded to YouTube, Obama said: People like this […]

Also On Elite

World

Holy Nature, Batman! 80-Year-Old Giant Crocodile Catches And Eats Shark (Photos)

A lucky tour group in Australia caught an 18-foot crocodile eating a bull shark, the fish fighting for its life before being dragged into the water. Photos of the attack were taken on Tuesday by 43-year-old Andrew Paice, who was on a cruise of the Adelaide River with girlfriend Nikki and 7-year-old daughter Madison. Paice told […]

World

3D Printing Will Soon Give Soldiers Custom Meals, Weapons, And Help Heal Wounds

The US army owes a great deal of its strength to our advanced and perfected technology, and will therefore finally be taking full advantage of 3D printing now that unlimited resources could soon be a reality. The world’s first 3D food printer was unveiled about six months ago. The Independent reports that food scientists at […]