From the FBI Website, US Firearm Background Checks Accelerate
It’s no real surprise, given the flashpoints we’ve endured in this country over the last several months and the January 6th climax. But look at how Americans are gobbling up those LtCs. I am not sure if this is data on first time gun owners or including people like me who have to renew every 5 years. I assume they do full checks at that time so it’s probably the latter.
Whatever it is, it’s not the sign of a very happy country. I added green arrows showing the intact string of increasing monthly data. I’d expect February to ease from the January blow off, but who knows with this political mess?
Funny enough, the stocks of Ruger and Smith & Wesson are depressed. I tried Ruger (RGR) a few weeks ago and took a manageable loss. Logic would say that business is improving. But whatever. I don’t like the Ruger website or its guns anyway. So I have no current interest in trying to capitalize on America’s dangerous angst. Too many decent and progressive companies out there.
But the data are interesting.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.
