This document is a market commentary by J.P. Morgan's Chief Investment Officer, Michael Cembalest, discussing geopolitical risks in the Middle East and their impact on portfolios. It covers topics such as energy risks, oil supply and demand dynamics, and the economic outlook in the US. The commentary includes insights from Bernard Lewis on Middle Eastern instability and historical context. It also discusses the impact of US monetary policy and inflationary pressures.
documents/EFTA00603336.pdf
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