MLIV Pulse: What's the Biggest Tail-Risk for Markets in the Second Half

The video discusses the potential for an economic slowdown towards the end of the year, with a 50% chance of a recession in the US. Geopolitical tensions, such as those between Russia and Ukraine, Israel and Iran, and issues in Taiwan, are highlighted as significant risks. These tensions could lead to increased energy prices and complicate the Federal Reserve's efforts. In Europe, recession and sovereign risks pose additional challenges.

What factors are contributing to the potential economic slowdown mentioned in the text?

What concerns does the speaker express regarding financial conditions globally?