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Joshua Brown

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Eddy Elfenbein

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Named by CNN/Money as the best buy-and-hold blogger, Eddy Elfenbein is the editor of Crossing Wall Street. His free Buy List has amassed an impressive record against the S&P 500.

Wall Street Is Clearly Betting on the Sequester Happening

Posted on 02/19/13 - 11:40 AM EST

We're getting down to the wire and if nothing is done, automatic spending cuts will go into effect. The conventional wisdom seems to think the cuts will happen.

Fortunately, I have a better tool than the conventional wisdom and that's the stock market. Here's a look at the Spade Defense Index divided by the S&P 500. This is a key metric because much of the cuts will hurt the Pentagon.


Defense stocks started to lag the market at the beginning of the year, but have reversed course somewhat this month.

THE BLOG: http://www.crossingwallstreet.com/archives/2013/02/is-the-sequester-really-going-to-happen.html

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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