European defense stocks experienced a sharp sell-off this week, reminding investors just how news-oriented the sector can be. A call for peace negotiations in Ukraine and a ceasefire in Gaza took almost 6% out of Goldman Sachs’s portfolio of European defense stocks, per Bloomberg, with Rheinmetall, Renk, Leonardo and Saab posting the biggest losses. ITA ETF is up more than 33% this year. Track its prices live, here. The decline occurred as the “war premium” that pushed European shares this yearRead More
US Defense ETFs Could Gain Ground As Europe’s War Premium Deflates
