SHLD: Time For The Defense Rally To Take A Breather

  • SHLD has delivered stellar returns since launch, fueled by surging global defense spending amid heightened geopolitical tensions. Top holdings like Rheinmetall and Palantir are trading at extreme valuations, making the ETF vulnerable to a sharp pullback. While the defense theme remains attractive long-term, SHLD's current price reflects high levels of investor optimism.