Markets Are Paying Little Attention to Geopolitical Risks Says Hermes' Murray

The transcript discusses market complacency regarding geopolitical risks, with Larry Fink highlighting underestimation of these risks. It examines the potential impact of trade wars on global GDP, noting a possible 2-3% reduction over a few years. The discussion shifts to the US's strong growth compared to a slowing global economy, particularly in China and Europe. Finally, the transcript evaluates the market impact of the recent Putin-Trump meeting, concluding that it is unlikely to have significant long-term effects.

In what ways does the text suggest that the global economy is splitting?

What was the overall sentiment regarding the impact of the Trump-Putin meeting on the markets?