Secretary of Defense Pete Hegseth released a video Thursday detailing oncoming Department of Government Efficiency (DOGE) cuts and restructuring that will take place within the Pentagon. On the date of filming, Hegseth said he met with DOGE and they are beginning their review.

Now comes word that Defense Secretary Pete Hegseth doesn’t just welcome cuts to America’s military spending – particularly to anything and everything climate-related. He reportedly wants senior leaders to identify reductions amounting to 8% of projected defense program funding.

Investors are probably better off not overreacting to daily news headlines. Then again, certain headlines and resulting declines in stock prices can set up entry points for long-term investors.