Closing Bell Overtime: 4-Day Win Streak 3/6/23
Closing Bell
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China's Move to Increase Defense Spending Could Impact Defense Stocks
Bajing also unveiling plans to boost defense spending at the fastest pace in four years and made quote escalating tensions with the us over taiwan china saying defense spending will grow to 7.2 percent this year once again exceeding economic growth. On th Thursday we get the biden administration's fiscal 2024 budget blueprint as well and the expectation is that defense spending here is poised to grow another four to five percent above what's already being spent this year all of this as the ita defense and aerospace etf trades at a fresh multi-year high back to february of 2020 you can see it ended slightly lower on the day john but it does speak to the fact that defense stocks are
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