Explaining the disconnect between geopolitics and markets

About this episode

The episode discusses the disconnect between geopolitics and markets, highlighting key themes from the IMF–World Bank Spring Meetings 2026.

From geopolitical tensions and energy disruptions to the latest tariff developments, uncertainty was a recurring motif at the IMF–World Bank Spring Meetings 2026. Yet, bullish market sentiment still prevails. What's causing this disconnect? Join Joyce Chang, chair of Global Research, and Derek Chollet, head of the JPMorganChase Center for Geopolitics, as they explore why markets have remained largely resilient despite the uncertain macro backdrop. This episode was recorded on April 21, 2026. The views or opinions expressed herein are solely those of the JPMorganChase Center for Geopolitics and may differ from the views and opinions expressed by J.P. Morgan Securities LLC Research Department or other departments or divisions of JPMorgan Chase & Co. or its affiliates. Information has been obtained from sources believed to be reliable, but JPMorganChase does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. The opinions herein should not be construed as an individual recommendation for any particular client and is not intended as advice or recommendations of…

People in this episode

Guests: Joyce Chang, Derek Chollet

Topics covered

• geopolitics
• markets
• investing
• IMF
• World Bank
• energy disruptions
• tariffs

Keywords

• geopolitics
• markets
• investors
• IMF
• World Bank
• energy disruptions
• tariffs
• uncertainty

Mentioned in this episode

Organizations: JPMorganChase Center for Geopolitics, J.P. Morgan

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