Market Snapshot: Why the path for stocks and other markets now depends ‘critically on politics’

Add investing to the list of things that are all about politics these days.

That seems to be the lesson for investors in stocks and other financial markets as they gear up for summer against a backdrop of tensions over trade policy and other potential geopolitical flare-ups that, in turn, appear to be driving economic policy-making decisions around much of the world.

Political considerations “are more of a factor today than normal,” said Mark Haefele, global chief investment officer at UBS Wealth Management, which oversees $2.3 trillion in invested assets, in an interview.

Some clients are pulling back on investments in their own businesses due to political uncertainties despite being optimistic about the future — a phenomenon that could begin to have an effect on the economy if it continues, he said.

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