Weekly Market Commentary

RUSSIA TO HOST BRICS SUMMIT 2024 AMID HEIGHTENED GEOPOLITICAL CLIMATE

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.

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