MPC Morning Call - 9th January 2026

MPC Markets Morning Call · Jan 9, 2026 · 1m

Join Finn Judell for a quick recap of overnight US equity action on January 8, 2026. Key highlights:Rotation out of big tech into defense and cyclical stocks following President Trump's announcement of a proposed 50% increase in defense spending to $1.5 trillion for 2027.Defense giants like Northrop Grumman, Lockheed Martin, and L3Harris surge as major beneficiaries.Trump also signals plans to ban institutional investors from purchasing single-family homes, potentially foreshadowing softer upcoming US housing data.Russell 2000 leads gains amid small-cap strength, while commodities stay flat…