Examination of recent geopolitical tensions and their potential impact on investors provides perspective on these developments, even if the risk is measured at "average."
Despite market volatility, inflationary pressures, and a potential earnings recession, a rally involving stocks, bonds, and some commodities that started in November still persists.
Volatility waves and changing-news tides elicit short-term market moves; economic currents tend to affect longer-term market shifts which may now favor international stocks.
The persistence of global inflation could determine which of the three paths central banks may follow and which market qualities investors might consider for their portfolios.