Geopolitics Alpha

Robert E. Hall and Michael Woodford Awarded Nobel for Economics

Published . Updated .

Robert E. Hall and Michael Woodford were awarded the prize for insights that helped policymakers become “better equipped to deal with shocks in the economy,” the committee said.

Directly affected

  • No company is named in this report.

Indirectly affected

  • PPA INVESCO AEROSPACE & DEFENSE ETF

    GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • WAR U.S. GLOBAL TECHNOLOGY AND AEROSPACE & DEFENSE ETF

    GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
PPA———————
WAR———————

Robert E. Hall and Michael Woodford were awarded the prize for their insights that helped policymakers become “better equipped to deal with shocks in the economy,” the committee said.

Source: The New York Times

Invesco Aerospace & Defense Etf (PPA) since this story, compared with the market

Since the first closing price after “Robert E. Hall and Michael Woodford Awarded Nobel for Economics,” Invesco Aerospace & Defense Etf (PPA) is +1.89%. The S&P 500 fund (SPY) is -1.47% over the same days, a +3.36% difference versus the market.

CompanyWhenMoveStatus
GLDthat day-0.63%final price
GLDthe next day-0.76%final price
GLDtwo days later-2.24%final price
GLDthree days later-0.50%final price
GLDthree days earlier-2.27%final price
GLDfive days earlier-1.32%final price
QQQthat day-0.70%final price
QQQthe next day-1.01%final price
QQQtwo days later-2.97%final price
QQQthree days later-3.07%final price
QQQthree days earlier+0.86%final price
QQQfive days earlier+0.64%final price
SPYthat day-0.06%final price
SPYthe next day-0.06%final price
SPYtwo days later-1.14%final price
SPYthree days later-0.87%final price
SPYthree days earlier-0.17%final price
SPYfive days earlier-0.45%final price
TLTthat day+0.08%final price
TLTthe next day+0.50%final price
TLTtwo days later+1.18%final price
TLTthree days later+2.60%final price
TLTthree days earlier-1.03%final price
TLTfive days earlier-1.09%final price
PPA
SPY

Who gains and who loses around Invesco Aerospace & Defense Etf (PPA)

Companies carried with this story

  • PPA Invesco Aerospace & Defense Etf

    For “Robert E. Hall and Michael Woodford Awarded Nobel for Economics,” Invesco Aerospace & Defense Etf (PPA) is linked, with no stored direction, medium confidence. Reason on file: GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • WAR U.S. Global Technology And Aerospace & Defense Etf

    In “Robert E. Hall and Michael Woodford Awarded Nobel for Economics,” U.S. Global Technology And Aerospace & Defense Etf (WAR) is linked, with no stored direction, medium confidence. Reason on file: GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Invesco Aerospace & Defense Etf (PPA)

Invesco Aerospace & Defense Etf (PPA) is the company in “Robert E. Hall and Michael Woodford Awarded Nobel for Economics,” the 12 Oct 2026 this story story.

Invesco Aerospace & Defense Etf (PPA) is on the page because GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, U.S. Global Technology And Aerospace & Defense Etf (WAR), is listed for a different reason: GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Invesco Aerospace & Defense Etf (PPA)

PPA traded between 151.56 and 162.12 across 20 sessions. The latest close on file is 156.07. WAR traded between 27.98 and 32.67 across 18 sessions. The latest close on file is 28.45.

How strong the case is around Invesco Aerospace & Defense Etf (PPA)

21 out of 100

“Robert E. Hall and Michael Woodford Awarded Nobel for Economics” scores 21 out of 100. The score uses 1 sources, and 2 linked companies.