SPY - XAR: Sticking With Equal-Weight Aerospace And Defense
2024-07-20 06:52:41 ET
Summary
- Aerospace & Defence stocks outperformed sharply during the Trump presidency until COVID struck, and current momentum is strong.
- The XAR ETF has lost ground to the S&P 500, though, as earnings season heats up.
- The fund offers investors exposure to the Aerospace & Defense segment of the S&P Total Market Index, with a moderate-sized ETF and low expense ratio.
- I outline key price levels to watch as we approach the November elections.
The SPDR S&P Aerospace & Defense ETF (XAR) was a popular play back in 2022 and early 2023 amid high geopolitical tensions around the world. The air has been at least partially let out of the strong-defense narrative as the conflict in Ukraine has eased and as the situation in Gaza hasn’t seen any major flare-ups in the last handful of months. ...
XAR: Sticking With Equal-Weight Aerospace And Defense