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Russo-Chinese Axis (A GeoRisk Update)

by Yushu Ma, Strategist   Matt Gertken, Head of GeoMacro   Jesse Anak Kuri, Strategist   Guy Russell, Associate Vice President  

Great Power Rivalry is taking another leg up as Russia and China further align their geopolitical interests. Investors should stay long USD-CNY, favor defensives over cyclicals, and markets like North America and DM Europe that have less exposure to geopolitical risk. 

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