By Isabelle Mateos y Lago, Chief Multi-Asset Strategist at BlackRock
We believe markets are focused too narrowly on the U.S.-China trade dispute - and are failing to appreciate the complexities of a longer-term rivalry between the two countries as well as other looming trade tensions. Isabelle and Catherine Kress explain.
We see geopolitical risk remaining a material market factor in 2019, contributing to an environment of slowing growth and elevated uncertainty.
At the center of the geopolitical scene: U.S.-China competition. U.S.-China relations transitioned in 2018 from a broadly cooperative state to a more competitive