BlackRock’s Geopolitical Risk Indicator remains way below levels seen during Russia’s initial invasion of Ukraine and the Covid-19 pandemic
Billionaire investor Paul Tudor Jones says this is the “most threatening and challenging” geopolitical environment he has seen, but markets disagree. BlackRock’s Geopolitical Risk Indicator, which aims to capture market attention to geopolitical risks, has risen somewhat in recent months, but remains way below levels seen during
Markets are betting the conflict will remain localised. That assessment may change, with various strategists cautioning that the implications could be global rather than local, affecting the US, Iran, Saudi Arabia and Russia, among others. The conflict also increases the odds of a 2024 US recession, says the ordinarily bullish Ed Yardeni of Yardeni Research.