It isn’t often that one title can encompass geopolitics, the economy, and markets, but “escalation and expansion” covers all three quite well this week. Escalation and Expansion – Geopolitical By the time that you read this, the situation may have shifted dramatically, but Friday night’s SITREP – U.S. Commences Retaliatory Strikes is great background in any case. I went with “Escalation and Expansion” this week, as General (ret.) Marks used the phrase on several of our calls and I thought that it captures the risk better than just “escalation.” The conflict in the Middle East could escalate, it could expand, ... Escalation and Expansion