The trade struggle between the U.S. and China is speeding up as China took less than 11 hours to respond which led to a sharp selloff in global stock markets and commodities.
According to The Street, “China is Boeing’s biggest export market and the 737 is its biggest selling product. The country is expected to surpass the U.S. as the world’s biggest buyer of aircrafts by as early as 2022.”
Traders looking for a more aggressive play on aerospace equities can consider the Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA: DFEN). DFEN, which debuted earlier this year, seeks to deliver triple the daily returns of the Dow Jones U.S. Select Aerospace & Defense Index.
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