(Feb 7): For investors carefully considering the 2020 geopolitical calendar and its potential risks, one event looms larger than most. With the major policies of the leading Democrat presidential candidates advocating a stark shift towards a progressive and redistributive agenda, the Democrat nomination process and the subsequent US presidential election on Nov 3 have the potential to materially impact markets.

The impeachment proceedings against President Donald Trump have ensured that the starting point to this election year remain partisan and tense. But the impeachment has not been a major market event.

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