Why the Emerging-Market Trade Will Grind Higher

The video discusses the current 'Goldilocks' economic conditions, characterized by good growth and moderate monetary policy. It highlights the performance of emerging markets, driven by a weak dollar and China's economic stability. The discussion also covers geopolitical risks, such as US-Iran tensions and North Korea, and their potential impact on markets. Despite these risks, markets often fail to price them until they materialize. South Korea's market performance amidst tensions is noted as a significant observation.

How do geopolitical tensions impact market pricing according to the speaker?

What observations were made about the South Korean market in relation to geopolitical tensions?