By Bryan Bottarelli According to CNBC, defense companies have historically outperformed the broader market over the six months following a crisis event in the Middle East.
According to data going back to the 1990 Gulf War, the defense sector averaged a 6.7% return after 19 separate “Middle East crisis events” over the past three decades.
This outperforms the 3.3% average return for the S&P 500 over the same time frame.
So, when Middle East tensions once again flared up earlier this month – which could lead to more military action as the 2020 year progresses – I thought it would be a smart idea to look …read more
