Defence spending already priced in European defence outperformance surges sharply since 2022
Global defence spending surge led by US and rising NATO commitments
Rising yields signal risk as policy intervention may cap bond sell-off
Rising yields show fiscal worries, but low MOVE signals orderly markets and limited systemic risk
Covid-like volatility, but markets recover strongly after tariff-driven drawdown
Trade volatility mirrors pandemic-style shocks and rapid recovery patterns
Tariff-hit markets outperform as capital rotates away from US equities
Sentiment at Bear Market Lows Signals Rebound Potential
