Gun Trade Stocks Versus the New Clinton Gun Control Plans
With another fresh tragedy involving guns and multiple murders, and with it getting thick into election season, the debate about gun control versus gun rights is back front and center. Now we have the new Hillary Clinton gun control plans, following the mass shooting at an Oregon community college. It turns out that when politicians speak out against guns, those gun and ammunition companies often see their stocks react. In the case of Monday’s reaction, the major gun-trade stocks put on their rally caps.
For a bit of calm here: covering the gun trade on either side of the aisle quite simply draws attacks. It is just one of those hot-button topics. Either way, some issues need to be addressed — as does that fallout and aftermath of the reaction.
What should be kept in mind here is that, despite the anti-gun White House speeches after each mass shooting in recent years, it may be very different than what was seen in the prior Clinton years. Could there be a repeat after 2016?
Some of the moves here will sound familiar for those who were adults in the 1990s or for modern history buffs, although the real plan has of course yet to be written into a formal proposal that would or would not withstand a vote in Congress. The wild card of course is the threat of potential or likely executive action.
Clinton’s plan includes closing a gun show loophole for private sales, allowing victims of gun violence to sue weapon manufacturers, proposing a repeal of legislation, changes to the background checks and tracking those who should not have guns. The one effort that will stir perhaps the most controversy is renewing the assault weapons ban.
Another issue that will create a stir is what MSN wrote: Clinton reiterated a challenge initiated last week to promote an alternative to the National Rifle Association. The call is for gun owners to “form another organization and take back the second amendment from these extremists.”
So, how have gun stocks reacted, alongside the outlet stores that retail guns and ammo? Actually, they all rallied on Monday. What is surprising is that the market waited for Clinton’s message on guns and waited for another massacre. After all, there is precedent to consider with the words “Clinton” and “gun control” that is real history from the 1990s.