‘Peace Is Bad For Business’: War Profiteer Stocks Plummet After Diplomatic Progress With North Korea
Last year, investors were drooling over the prospect of all-out war with North Korea, but Tuesday's summit has them worried. American defense contractors were practically drooling over the prospect of all-out war with North Korea as President Donald Trump was recklessly flinging "fire and fury" last year, but Tuesday's summit between Trump and North Korean leader Kim Jong-un appears to have dampened war profiteers' dreams of yet another catastrophic U.S.-led military conflict—at least for now. "If weapons are used they need to be replaced. That makes war a growth story for these stocks. What the agreement does, at least for a while, is take military conflict off the table."