Ed Clissold, Chief US Strategist at Ned Davis Research, says escalating geopolitical tensions could keep markets volatile in the near term as both sides remain entrenched. The US economy is relatively insulated due to lower energy dependence and easing inflation, allowing it to absorb higher oil prices. While emerging markets may face short-term pressure, Clissold says they could outperform the US over the medium term on attractive valuations.
