Trump Ignoring Lessons From Past: Sir Lawrence Freedman

Sir Lawrence Freedman warns the Trump administration may face a more extreme domestic regime in the wake of recent strikes, raising the risk of political escalation. For portfolios, this increases geopolitical tail risk and could drive risk-off flows, benefiting defense and safe-haven assets while weighing on cyclicals and risk-sensitive markets.

Analysis

Sir Lawrence Freedman warns the Trump administration may face a more extreme domestic regime in the wake of recent strikes, raising the risk of political escalation. For portfolios, this increases geopolitical tail risk and could drive risk-off flows, benefiting defense and safe-haven assets while weighing on cyclicals and risk-sensitive markets.