The one word that markets are concerned with right now ...Middle East

The playbook this year was supposed to be simple. The disinflation process was to continue and that will lead to major central banks cutting interest rates by a couple of times. The US economy in particular was supposed to hold up well and allow the Fed some breathing room to work with as Powell & co. look to shore up economic conditions.Instead, we're starting to see recent data point to a flagging US economy. Meanwhile, it is Europe and the UK that have shown some resilience this year. That has bought the ECB and BOE some added time at least in navigating through their respective policies.As for the disinflation process, we've sort of hit the brakes on that in the last one to two months. T

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