Elon Musk Thinks This Country 'Will Make It Through WW3' Amid Heightened Global Tensions
Portfolio Pulse from Shanthi Rexaline
Elon Musk commented on Switzerland's war preparedness, highlighting the country's extensive bunker systems amid global tensions. He suggested Switzerland could survive a potential World War 3. The discussion was sparked by a video on X showcasing Switzerland's defenses, including bunkers and shelters equipped with luxury amenities. Musk's comments come against the backdrop of ongoing conflicts and his previous warnings about the risk of a global war. The iShares MSCI World ETF (URTH) and the iShares U.S. Aerospace & Defense ETF (ITA) were mentioned with their recent performance.
April 29, 2024 | 9:01 am
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The iShares U.S. Aerospace & Defense ETF (ITA) also saw an increase, adding 0.40% to $129.53.
ITA's performance uptick could be influenced by heightened global tensions and the focus on defense preparedness, as discussed by Musk, potentially boosting investor interest in defense stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The iShares MSCI World ETF (URTH) was mentioned with a recent uptick in performance, closing up 0.97% at $140.80.
The mention of URTH's performance in the context of global tensions and Musk's comments could signal investor confidence in diversified global assets as a hedge against geopolitical risks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50