Defense stocks are outperforming the S&P 500 against geopolitical climate

The Kobeissi Letter

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This is remarkable: Aerospace & defense stocks have outperformed the S&P 500 index by ~20% per year on average over the last 35 years. Defense stocks have returned 12% per annum beating the S&P 500's average annual gain of 10%. Aerospace & defense companies are benefiting from…