, Columnist
Enter the Year of the Geo-Risks
The question is less what investors should worry about than how geopolitics will play out, from the US election to relations with China to deglobalization.
The probability of the US presidential election winner will correlate to stock markets in entire countries.
Photographer: KC McGinnis/BloombergThis article is for subscribers only.
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There’s a lot of geopolitical risk around. Most of the world’s people will get to vote on their nation’s leader over the next 12 months. Does it matter? After 2023, a great year for risk assets despite war in Europe and in the Middle East and ever greater confrontation between the US and China, it’s tempting to say that it doesn’t. If stocks can rally in such conditions, why care?