Episode 83: Geopolitical Risk Rears Its Head

About this episode

The episode discusses the impact of geopolitical risks on the U.S. economy and market volatility.

The war in Iran and spike in oil prices have threatened the generally strong U.S. economy and elevated volatility in the markets. In this episode of Macro Markets, Portfolio Manager Evan Serdensky and U.S. Economist Matt Bush discuss our outlook and portfolio strategy in this environment, and provide insights from our latest Quarterly Macro Themes publication. Related Content: 1Q 2026 Quarterly Macro Themes Research spotlight on what’s next. Read 1Q26 Macro Themes 1Q 2026 Corporate Credit Quarterly A Record Supply Year Is Taking Shape on Solid Ground Read Corporate Credit Quarterly Macro Markets Podcast Episode 82: The Next Test for Equities? Equity market opportunities and risks, plus some of the advantages of unit investment trusts. Listen to Macro Markets Investing involves risk, including the possible loss of principal. Stock markets can be volatile. Investments in securities of small and medium capitalization companies may involve greater risk of loss and more abrupt fluctuations in market price than investments in larger companies. Equity or stock investments may not be suitable for all investors. In general, the value of a fixed-income security falls when interest rates…

People in this episode

Host: Evan Serdensky

Guest: Matt Bush

Topics covered

• geopolitical risk
• U.S. economy
• oil prices
• market volatility
• portfolio strategy

Keywords

• geopolitical risk
• U.S. economy
• oil prices
• market volatility
• portfolio strategy

Mentioned in this episode

Organizations: Guggenheim Investments

Books & works: Quarterly Macro Themes, Corporate Credit Quarterly, Macro Markets Podcast Episode 82

Places: Iran

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