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Gun sales have been way down since Trump was elected because that meant Obama or Hillary couldn’t come get your guns.
Gun stocks rose Monday following the deadliest mass shooting in American history late Sunday night. A gunman in a hotel room at the Mandalay Bay in Las Vegas killed at least 58 people attending an outdoor concert and wounded over 500 more.
Shares of Sturm Ruger (RGR) were up 6%, while American Outdoor Brands (AOBC), the company formerly known as Smith & Wesson, gained nearly 7%. Both stocks have tended to rally in the immediate aftermath of mass killings, which sadly have become more routine.
That chills my bones.
Americans are dying to increase gun sales.