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How Overlooked European Defense Stocks Became a Hedge-Fund Home Run
Hedge-fund honchos entered this year betting big on America, expecting President Trump’s promised tax cuts and deregulation would lift everything from U.S. stocks to the dollar. Turns out, an old-school industry in Europe was really the place to be. European defense has emerged as one of the biggest winners in global markets this year, outpacing buzzier bets like artificial intelligence.
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