LMT, RTX, NOC - US market's Recession hedge ?
@JC888:
US stocks finished sharply higher on Tue, 22 Apr 2025: On rising optimism that trade tensions between US and China could soon ease. That’s according to US Treasury Secretary. When Trump confirmed that he has no plan to fire Fed chair, Powell. (see below) What Bessent Said ? At a closed-door event hosted by JPMorgan Chase, Treasury Secretary Bessent told investors that he expects de-escalation in the trade spat with China, as first reported by Bloomberg. Firstly, this is only what Bessent “expected” unilaterally. Since 11 Apr 2025, both China and the US have signaled openness to talks, but actual negotiations have not yet restarted. Both sides are waiting for the other to take concrete steps to create the right conditions for dialogue. In short, it would be ‘foolish’ to pin too much hope ov