By: Quincy Krosby, PhD, Chief Global Strategist, LPL Financial & Joshua Cline, Associate Analyst, LPL Financial

In December 2023, Vladimir Putin declared that the 2024 BRICS Summit, hosted by Russia, would be focused on establishing a “fair world order” based on shared principles. At the core of Putin’s goals for stronger BRICS economic integration is a longstanding and overriding objective to provide a viable alternative to the West’s global hegemony in nearly all facets of political, military, economic, financial, and security affairs.

Read the full commentary here: Weekly_Market_Commentary_09032024