Stocks May Need Years to Bounce Back from COVID-19 Crisis, Expert Says

Defense stocks may have a hard time recovering from the stock market’s loss of more than 30 percent in less than a month, as soaring national debt and competing security priorities put pressure on future defense budgets, according to Capital Alpha Partners analyst Byron Callan. “It’s going to take a couple of years” for a recovery in defense stocks, said Callan, who specializes in the defense and aerospace industry. The COVID-19 crisis “is going to reverberate through the 2020 election.” Unlike the attacks of 9/11 “this touches every American,” he told Air Force Magazine. Read more ►