Major global events can - more often than not - carry profound ramifications for stocks and shares. We saw with the emergence of Covid-19 that healthcare and remote technology stocks could experience exponential growth as the rollout of vaccines and a push towards working from home became more commonplace. Now, as geopolitical tensions spill over in Eastern Europe, we’re set to see significant movement among defense stocks.
Unsurprisingly, defense stocks have emerged as key outperformers across a disappointing start to 2022 for Wall Street and beyond. Despite trailing the S&P 500 for virtually the entirety of 2021, the S&P 500’s aerospace and defense index ended February by posting twice as much annual growth as the broader market.
