by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF
(This is the last BWGR of 2022; the next report will be published on January 9, 2023.)
As is our custom, in mid-December, we publish our geopolitical outlook for the upcoming year. This report is less a series of predictions as it is a list of potential geopolitical issues that we believe will dominate the international landscape for 2023. It is not designed to be an exhaustive list; instead, it focuses on the big-picture conditions that we believe will affect policy and markets going forward. They are listed in order of importance.
Issue #1: The Big Picture
Issue #2: The Expanding, Strengthening State and Populism
Issue #3: China Learns to Lead a Bloc
Issue #4: The Race for Space
Issue #5: The Brittleness of Authoritarianism
Read the full report
The associated podcast episode for this report will be available next week.
These reports were prepared by Confluence Investment Management LLC and reflect the current opinion of the authors. Opinions expressed are current as of the date shown and are based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change. This is not a solicitation or an offer to buy or sell any security. Past performance is no guarantee of future results. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice or a recommendation. Investments or strategies discussed may not be suitable for all investors. Investors must make their own decisions based on their specific investment objectives and financial circumstances.