Market Rally Will Broaden Globally in 2026: Mackenzie's Marks

But I do want to address what Jamie Dimon had to say about what would be maybe the next financial crisis. It might. He doesn't expect it to be like the great financial crisis in oh eight.

He talked about geopolitics. That's one of the big risks in the market. I think it's certainly a risk.

And what makes it a big risk for the market is because it's very difficult to position or to anticipate. So it creates almost a bit of a randomness. And so getting ahead of that risk means that you have to be mindful of how you're positioned for many different scenarios.

And that's where, you know, diversification, all of the sort of golden rules of investing really come into play to prepare for that event before you have visibility on that event. I don't I don't understand, though, because, okay, we the U.S. bombed Iran last year.

Russia's invasion of Ukraine continued. There was the escalation of tensions in the Middle East and the S&P 500. If you were to, you know, go to sleep in January of 2025 and wake up December 31st, you were up, you know, close to 20% on the year.

Here we are. President Maduro was taken in the middle of the night by U.S. forces and brought to the United States.

There's talk of involvement in Iran now. There's talk of taking over Greenland by the United States, and markets aren't really reacting. So how is geopolitics a risk?

Well, first of all, I do think that that has been a bit of a surprise for investors to see that the market is not really reflecting the increased potential for geopolitical risk. So I would say, myself included, I've been a little bit surprised at the strength in markets coming into the year.