Traders Grow Wary of Copper Bull Market With No Sign of Tariffs

Directly affected

• No company is named in this report.

Indirectly affected

• LMT Lockheed Martin

  Defense contractors get more work when conflict spending rises

• RTX RTX

  Defense contractors get more work when conflict spending rises

• NOC Northrop Grumman

  Defense contractors get more work when conflict spending rises

• GD General Dynamics

  Defense contractors get more work when conflict spending rises

• AAPL Apple

  Sales and supply chains are exposed to a new tariff

• NKE Nike

  Sales and supply chains are exposed to a new tariff

• XLB Materials Select Sector SPDR

  A fund of materials companies

• GLD SPDR Gold Shares

  Gold miners and the metal move together

• ITA iShares U.S. Aerospace & Defense

  A fund of aerospace and defense companies

• BA Boeing

  Defense and aerospace orders move with conflict spending

Price reaction, T-5 to T+3