In this episode of the Global Alpha Podcast, Rich and Kai dive into the latest market drivers shaping global equities. They discuss the strength in defense names like Lockheed Martin, Rolls-Royce, and BAE Systems amid ongoing geopolitical tensions, as well as the broader rally across major indexes fueled by expectations of rate cuts.

Key topics include:

• Lockheed Martin’s $600m defense contract and ongoing deal flow

• The impact of potential US rate cuts on energy and industrial names

• Rolls-Royce, BAE, and European defense stocks gaining traction

• A resilient earnings season, with 81% of S&P 500 companies beating estimates

• Chinese tech leaders Alibaba, JD.com, and Tencent pushing higher

• Stock highlights: Alibaba, Micron Technologies, and Palo Alto Networks

Whether you’re watching defense, tech, or macro trends, this episode offers insights into where opportunities may lie as markets continue to push new highs.