The party's elite donor class and its activist base are pulling in opposite directions on the most morally charged foreign policy question of the era.
Continetti maps the split inside the Democratic coalition on Israel policy: the donor class and the legacy foreign policy establishment on one side, the campus activist base and progressive caucus on the other. He argues that this is not a split that can be papered over with rhetoric — it will produce a primary fight in 2028 if not before.
The Defense complex (LMT, RTX, NOC, GD, HII, BA) is positioned to do well almost regardless of which faction wins, because supplemental aid packages are the one piece of bipartisan business in Washington. We remain overweight.
A 15-minute review — an update on positioning.
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