JPMorgan Strategist Expects Markets Higher Despite Geopolitical Risk Concerns

JPMorgan Private Bank's Madison Faller says resilient economic backdrop and earnings growth will drive markets higher, provided Middle East conflicts don't escalate. She recommends positioning for upside while allocating toward shock absorbers. Risk-on sentiment could strengthen USD against safe havens like JPY and CHF if equity optimism continues. However, any Middle East escalation would likely trigger flight-to-quality flows favoring traditional safe haven currencies.