Market stumbles on geopolitical tensions have gotten shallower, says Rockefeller's Ruchir Sharma

Geopolitical Impact on Markets - Research indicates that since 1950, the S&P 500 has historically declined by approximately 4% within 15 days following significant geopolitical shocks, but tends to recover this loss within about a month [2] - Markets have become more resilient to geopolitical tensions over time, with dips becoming shallower, as these tensions are typically contained in nine out of ten instances [3] Market Performance and Trends - International markets have shown strong performance this year, significantly influenced by the dollar [5] - Emerging markets are up double digits in dollar terms this year, indicating a catch-up trade where the US market had previously dominated [9] - Latin American stocks have been the best performing globally this year, driven by more politically friendly leaders [11] Investor Behavior - Retail investors have been notably smart, buying during market dips, outperforming hedge funds [7] - Capital is beginning to diversify away from the US after 15 years of concentration [12] Economic Factors - The US economy has been relatively resilient this year [8] - Various countries are implementing economic reforms, stimulus measures, and interest rate cuts in response to tariffs and other headwinds [10]