In March 2026, despite Europe announcing its biggest rearmament since the Cold War, the NY Arca defense index fell nearly 8% while the S&P 500 fell about 5%, with the defense sector underperforming the broad market.
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“In March 2026, the NY Arca defense index fell nearly 8% while the S&P 500 fell about 5%. The defense sector underperformed the broad market in the same month Europe announced the biggest rearmment since the Cold War.”
Created: 7/11/2026, 9:13:21 PM
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