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May Firearm Background Checks Third-Highest On Record

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Zero Hedge
June 2, 2020

FBI firearms background checks in May were the third-highest on record at 3,091,455, bringing the year-to-date total to 15,248,440.

This is a 32% increase over the same period in 2019, which saw 11,547,389 applications between January and the end of May.

h/t @2Aupdates

By state, most background checks were in Illinois, which saw 661,470 background checks, or just over 21% of the nationwide total (which has held steady at that rate over the past two years).

In second place was Kentucky with 394,000 applications, followed by Texas at 179,192 and Florida at 115,815.

Year-to-date nationwide handgun applications are at 4,695,474 – or 70% of all the handguns applied for in 2019 (6,802,167).

Let’s see what June has to offer as cities across America continue protesting the death of George Floyd, a black man who died after a white cop knelt on his neck for over 8 minutes. Groups of violent rioters associated with Antifa have threatened to move out of large cities and begin looting suburban residences – which one could imagine driving gun sales even higher.

*  *  *

Stocks of gunmakers and law-enforcement related equipment jumped on Monday after this weekend’s violent nationwide protests following the death of George Floyd, a black Minneapolis man who died after a white police officer pinned him on the ground by his neck for over eight minutes.

Sturm Ruger and Smith & Wesson were both up over 10% in early trading, with the latter spiking nearly 30% at first print vs. Friday’s close.

The spike comes as armed residents of upscale Bellevue, WA were seen defending their neighborhood.

Related industries shot higher as well on Monday, including law-enforcement providers ShotSpotter, Vista Outdoor, Sportsman’s Warehouse Holdings, body-cam maker Digital Ally, Inc., and nonlethal restraint company Wrap Technologies, Inc.

And with word that Antifa is planning to invade the suburbs next (the last tweet before one of their primary accounts was suspended), ADT home security stock is spiking as well – up more than 12% as of this writing.

Meanwhile, here’s a chart of the latest FBI background check information, which will be updated later today. Anyone care to guess what the next leg will look like?

This article was posted: Tuesday, June 2, 2020 at 3:05 am





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