The report, titled “Investing in a Low-Trust World,” identifies a pervasive collapse of trust in the international order, leading to increased national defense spending and economic weaponization. Key findings include a 41% rise in global military expenditures over the past decade and significant geopolitical tensions between the U.S. and China. The institute outlines five critical pillars shaping the investment landscape, emphasizing the importance of supply chain resilience and geopolitical vulnerabilities in stock selection, while predicting that government fiscal health will dominate bond market dynamics in the coming decade.