Bi-Weekly Geopolitical Report – US Foreign Policy: Comparing the New vs. the Old (February 9, 2026)
by Patrick Fearon-Hernandez, CFA | PDF
In our Bi-Weekly Geopolitical Report from January 26, we posited that the United States under the new administration has adopted a foreign policy quite distinct from that of the previous eight decades. We showed how the new US policy is a type of neo-imperialism with elements of neo-colonialism. We emphasized that our characterization of the new foreign policy is not meant to be pejorative. It is merely descriptive, to help us understand how it works and what its implications might be. After all, the new foreign policy could well be positive for US citizens, and especially the working class, which shouldered much of the costs of the old policy focused on maintaining the US role as global hegemon. In this report, we look closer at the differences between these policies and their implications for investors. We show that the politics and economics of the two policies suggest very different investment strategies.