This podcast episode analyzes the possible impact of the upcoming US election on US-Europe security and trade relations. While a chaotic outcome for global security due to NATO dissolution is unlikely, a scenario where Europe and other US allies feel compelled to take a more independent approach to defense is plausible. This could lead to a more multipolar world, potentially causing increased market volatility. However, despite rising geopolitical uncertainty, markets may not necessarily reflect this without considering sectors directly affected by defense spending needs.
