Confluence Chief Market Strategist Bill O’Grady and Market Strategist Patrick Fearon-Hernandez sit down with Phil Adler to assess the geopolitical outlook for 2024. The first issue discussed is titled “the jungle grows back,” which could also be considered the overall theme of the report. As U.S. hegemony wanes, long-forgotten conflicts are reigniting, thus increasing global turmoil and forcing the U.S. to manage multiple fronts. The discussion also touches on the spate of elections next year, including the U.S. elections in November. Finally, Bill and Patrick examine China-U.S. tensions and the continued evolution of the two major global blocs, and provide commentary on the Russia-Ukraine war and the conflict in the Middle East.