Defense ETFs (ITA, PPA, XAR) Surge As Military Spending, Strong Earnings Drive Sector Momentum
Geopolitical tensions have proven to be a defining force for financial markets in 2026, with Middle East conflict fueling persistent uncertainty and volatility across sectors. Yet the same turbulent backdrop has created fertile ground for defense stocks, supported by mounting expectations of sharply higher military spending from Washington. Military exchanges between Washington and Tehran have…