U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical “buy-on-conflict” trade had largely peaked in the weeks before in anticipation of tougher action by President Donald Trump. The NYSE Arca Defense index, which includes 34 small and large-cap U.S. companies, fell nearly 8% in March, compared with the broader S&P 500’s 5% drop. In contrast, it had gained about 12% in February 2022, when Russia invaded Ukraine. The sluggish performance, strategists said,

Tag-uri: Donald Trump