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JPMORGAN: 3 political flash points are set to dictate the future of global markets. Here’s how investors should get ready for them.

“This combo makes the FTSE an attractive underweight relative to US stocks, Normand said” writes Akin Oyedele for This implies that a good hedge would be to underweight this currency rather than emerging-market stocks or the other exposed assets listed above.Instead, they think markets have shown incredible resilience to the series of blows that have come from all sides.The Chinese renminbi seems to be the most expensive asset among those exposed to the trade war, Normand said.Investors in other markets have also largely overlooked the liquidity crisis.

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