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In One Chart: This political-risk gauge just hit a 15-year high — and here’s what it means for the stock market

Add heightened political risk to the growing number of factors that have been contributing to volatility on Wall Street.

In fact, according to Saxo Bank’s head of commodity strategy Ole Hansen, one measure of political risk is at its highest level since 2003, during President George W. Bush’s invasion of Iraq.

Hansen highlighted the Geopolitical Risk Index in a tweet (pointed out in MarketWatch’s Need to Know column), noting that the previous high for the GRI was back in August during intensifying fears that North Korea could spark a military, or even nuclear, conflict:

The Geopolitical Risk Index (GPR) has reached its highest level since the 2003 invasion of Iraq.

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