International Forces are Redrawing the Risk–Reward Balance

International Forces are Redrawing the Risk–Reward Balance

January 26, 2026 · 21 min · Episode 138

About this episode

The episode discusses the global market surprises of 2025 and their implications for 2026.

A fast tour of 2025’s global market surprises—from tariff whipsaws and a precious metals surge to international outperformance—and what they might mean for 2026.

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