In between the market debate over hot inflation and the stability of the nation’s banking system, word came Tuesday that a Russian fighter jet collided with an American drone.
That leads nicely to a recent research report written by 13D Research & Strategy, a thematic investment research firm, which tackled the subject of the investment implications of the race for Arctic dominance. As the Earth warms due to climate change, more efficient shipping lanes are opening up, at a time when the relationship between the U.S. and Russia has rarely been worse.
And of course, there’s big money being spent, too. Defense contractors including Lockheed Martin LMT , L3 Harris LHX , Northrop Grumman NOC , Raytheon RTX and AeroVironment AVAV offer products for Arctic deployment, and Israel’s Elbit Systems ESLT offers Arctic-capable unmanned aerial vehicles, says the 13D report. Several European and Nordic defense companies stand to benefit, including Saab SAABY , BAE Systems BA , recent DAX entrant Rheinmetall RHM , Hensoldt HAG and Leonardo LDO .
The market U.S. stock futures ES00 NQ00 are slumping ahead of a new slate of economic reports as worries about the banking sector continued. The yield on the 10-year Treasury fell. Credit Suisse shares CS tumbled to a new record low in Zurich, a day after it revealed material weaknesses in financial controls.Best of the web Robinhood users say the firm won’t let them crash in their profitable bets against Silicon Valley Bank SIVB , because the shares aren’t trading anymore.
I am sure Russias ' Arctic Dominance' is as potent as the 'Military dominance' which we see on display in Ukraine. They cant even unfreeze their northern oil wells without western help.
Trump supporter Support russia