January 8, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Classic Trump Whipsaw

Please click here for a chart of defense company RTX (RTX).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of RTX stock is being used to illustrate the point.
• The chart shows a big drop in RTX when President Trump said he would ban defense companies from buy backs and issuing dividends.  President Trump singled out RTX as a big offender.  Other defense stocks experienced a similar large drop.
• Only two hours later, the chart shows a big spike up in RTX, along with other defense stocks, when President Trump said he wants to build the dream military.