The world is currently facing unprecedented levels of volatility, with events such as the upcoming US election and Israel’s military actions in Lebanon causing uncertainty and instability. This is a stark contrast to the years of 2015-2019, when everything seemed relatively normal and volatility was low.

The year 2020 was dominated by the Covid-19 pandemic, which resulted in extreme market fluctuations in both directions. In 2021, there was a surge in market optimism as investors rushed to buy up assets. However, in 2022, the invasion of Ukraine by Russia brought about a new wave of uncertainty. This was followed by the tragic events in Israel and Gaza in 2023, which further heightened tensions in the region.

The ongoing conflict between Russia and Ukraine could potentially come to an end by Christmas if Donald Trump is re-elected as US president. However, Ukraine’s inability to secure approval from the US to use long-range weapons against Russia has hindered their efforts. This has not only affected troop morale but also raised the possibility of a prolonged war of attrition. A Trump victory could lead to increased volatility in various other areas as well.

It is evident that the world is facing a period of heightened uncertainty and unpredictability. Investors and policymakers alike must remain vigilant and adapt to the changing landscape in order to navigate through these turbulent times.