$DEFENSE - US defense industrial base needs significant expansion in magazine depth and multi-year contracts to match China's industrial capacity. New neo-prime defense companies represent innovation opportunity if Congress provides multi-year funding authorities.
$DRONES - Commercial drone technology has proven transformative in Ukraine with 50+ iterations in three years. Commercially viable and inexpensive products become powerful military tools through rapid iteration in actual combat environments.
Bearish:
$CHINA - China is fundamentally illegitimate with deep internal weaknesses including disappeared military leaders, corruption, and lack of trust. Xi Jinping doesn't know who is on his side. Darren believes China will fall in our lifetime like the Soviet Union.
$IRAN - Iran's regime is fundamentally illegitimate with massive corruption, a mafia-style structure, and a martyrdom culture that makes regime change difficult. Darren believes Iran will fall in our lifetime.