How are you handling the defense sector rally? Buying in, avoiding it, or somewhere in between?

The defense sector has been on a tear lately. Lockheed Martin, Northrop Grumman, and General Dynamics are all trading near their highs, and the momentum doesn't seem to be slowing down with the current geopolitical situation.

At the same time, Europe is committing to serious increases in military budgets. Names like Rheinmetall have nearly doubled over the past year, and there's growing talk about a dedicated European defense ETF gaining traction.

This creates an interesting dilemma for index investors. If you hold a broad market fund, you already own these companies. But actively tilting toward them is a different decision.

Some questions worth discussing:

• Are you making any active allocation toward defense, or letting your index exposure handle it?
• For those who screen out weapons manufacturers, how do you think about the opportunity cost during periods like this?
• Is the European defense buildup a multi-year trend worth positioning for, or is it already priced in?

Curious where people land on this. It seems like one of those topics where there's no clean answer.