Stephen Guilfoyle is not only a columnist for Real Money, a trader but he's also a veteran.
On Thursday, Aug. 26, multiple bombings in Afghanistan took the lives of 13 American service members and over 150 Afghani civilians. So, when there are geopolitical tensions, how should investors approach the markets?
Guilfoyle gave his take in the video above, but also wrote on it in his morning Real Money column:
"Not sure how much Thursday counted for anything, market-wise. It was difficult for traders to focus upon their day jobs. Terrorist attacks close to the airport in Kabul took the lives of American service persons and probably more than a hundred Afghan civilians. I could rant here, but this is not the time to let anger boil over. There will surely be investigations and congressional hearings into how poorly this withdrawal from Afghanistan has been executed. Now that poor (or lack of any) planning has sacrificed American lives, that's assured. I would prefer that correcting the "now" be prioritized over assessing what is done. I just don't know how anyone who has been involved at the strategic level over the past four to six weeks can be trusted to correct anything."
"My instinct was to add to my defensive longs, not defensive sector--which is a trading idea--but defense contractors," said Guilfoyle. He noted that Raytheon (RTN) - Get Raytheon Company Report, General Dynamics (GD) - Get General Dynamics Corporation Report and Lockheed Martin (LMT) - Get Lockheed Martin Corporation Report are three of the names he's eyeing.
Watch the video above for more.