‘NATO Is Dead’ Might Be an Overstatement, but Markets Are Behaving as If It Were True
Europe’s defense stocks, in any event, are soaring.
“NATO is dead,” Vertical Research Partners defense industry analyst Rob Stallard writes clients. It’s a harsh overstatement. But markets are acting as if it’s true. Over the last 10 days, American defense stocks have tanked, and European defense stocks have soared.
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