The ongoing Russia/Ukraine conflict has been a catalyst for increase spending in recent years, but as research from Goldman Sachs noted, previous years were marked by underinvestment. Fast-forward to today, members of NATO agreed to earmark 5% of their gross domestic product specifically for bolstering their defensive capabilities over the next decade. A Need to Increase Self-Reliance The momentum factor is helping to propel strength in international equities. So defense spending, especially in Europe, coul ...