Apollo's Marc Rowan on Geopolitics and Global Markets

• Traditional economic fundamentals (employment, capital spending, government policy, capital markets) are currently robust.
• Geopolitics, government borrowing, capital market excesses, and technological change now account for 30% of market worries, a significant increase from the usual 5%.
• Rowan believes that confronting and dealing with current geopolitical problems, such as the conflict in Iran, is ultimately reassuring, even amidst present instability.

Marc Rowan, CEO of Apollo Global Management, discusses the current state of markets, noting that traditional economic indicators like employment and capital spending are strong. However, he highlights that geopolitics, government borrowing, capital market excesses, and technological change now represent 30% of market concerns, up from a typical 5%. He views the current handling of geopolitical issues as somewhat reassuring despite instability.