Iran just attacked Israel.
That, according to the U.S. will be met with “severe consequences for Iran.”
In fact, according to a recent tweet, “IDF Spokesman Rear Adm. Daniel Hagari says Israel will respond to the Iranian missile attack on the country.”
“We are on heightened alert on defense and offensive, we will protect the citizens of Israel. This [missile] fire will have consequences. We have plans, and we will act in the time and place that we choose,” he added.
With support from the U.S., we’ll see even more spending on defense, which will serve as a key catalyst for defense stocks, and ETFs such as the SPDR S&P Aerospace & Defense ETF (XAR).
The SPDR S&P Aerospace & Defense ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Aerospace & Defense Select Industry Index. Last trading at $154.20, we’d like to see it closer to $170.