Ed Elson

The NATO summit kicked off yesterday. Trump is pulling US military assets out of Europe and shifting focus to the Middle East and Indo-Pacific. NATO allies have agreed at least $50 billion in defense industry deals and $40 billion in counter drone capabilities. But America isn't slowing down either

The stock fell 7%, sending nearly the entire market down with it. Samsung, which is up nearly 400% over the past year, somehow spooked the market. It's a beat on pretty much all fronts. And yet, now's the time that investors say, 'we're out. This has gone too far.