Geopolitical Gyrations

The three most pressing geopolitical problems are Russia’s potential invasion of Ukraine, China’s potential invasion of Taiwan, and Iran’s dash to a nuclear device. Markets will largely ignore Russia/Ukraine as neither are global players and Europe won’t stop Russian energy flows. The China/Taiwan tiff is huge, and markets would respond badly for several economic and political reasons (think semiconductors). Iran creates bad long-term regional instability should it achieve its goal.