This, without a doubt, adds fuel to the sentiment and narrative that are already running wild. I wrote a post on the Saab thread touching upon the unfolding of recent events. I also allude to the topic of the pricing of risk (or events) and how that typically is wrong (related to a broader theme that I have raised before in earlier post). European defense stocks trade on a sentiment and narrative basis lately, so these are broad points underlying the sector price discovery dynamics
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