These indices and graphics are developed and presented courtesy of Blackrock. If one were to put these into tiers in terms of the degree to which fluctuations in these indices impact global asset markets, it would go something like this:1. US-China relations, EU fragmentation2. South China Sea conflict, Major cyberattack(s), North American trade, Russia-NATO relations3. Gulf tensions, North Korean conflict, major terror attack(s)4. Latin American populismBlackrock has their own rankings, but I believe they overestimate the importance of Russia-NATO relations and underestimate the importance of North American trade. (The topic of trade, of course, has tons of fake news in the media.)Overall Global RiskGulf TensionsUS-China RelationsNorth American TradeNorth Korea ConflictMajor Cyberattack(s)EU FragmentationRussia-NATO TensionsSouth China Sea ConflictLatin American PopulismMajor Terror Attack(s)