🟢 Defense ETF (XAR) is trading 3.6% up in pre-market amid likely rotation into defense

XAR is trading at $228.19, up +3.56%, with a likely tailwind from rotation into defense amid an inflation-driven market selloff.

• Lockheed Martin rose 3.61% on October 14 while major indexes fell.
• Renewed missile-production demand may also be in focus, including Raytheon’s Pentagon interceptor contract worth up to $6.3 billion. Reporting does not confirm a specific overnight catalyst for XAR’s pre-market jump; scheduled PPI and retail-sales reports add uncertainty.