Defense stocks have floundered since the Iran war began. Here's why

The underperformance of defense stocks amidst rising geopolitical tensions suggests that market dynamics are influenced by factors beyond mere conflict. Investors may need to reassess their strategies and consider the broader economic implications, such as supply chain issues and international relations, which can impact defense spending and stock performance. This situation highlights the unpredictability of the stock market, particularly in sectors traditionally viewed as stable during wartime.