There is enough for investors to be stressed about next year, and the latest list of top 20 risks by Deutsche Bank Chief Economist Thorsten Slock will do little to alleviate these problems.
As you can see, the potential for more trade failures and fears of slowing growth are still high on Slok's list, but inequality comes first:
"They are all important in different horizons," he said Sloc to MarketWatch on Sunday, "but the continued rise in inequality and the associated political response is something investors can no longer ignore. "
Democratic candidates for president definitely do not ignore him. Raising taxes on the rich, in an effort to narrow the gap, is a critical part of the campaign of both Elizabeth Warren and Bernie Sanders before the election.
Big-name investors have already clarified what President Warren might mean for the markets. Billionaires Paul Tudor Jones, Leon Cooperman and Steve Cohen have spoken of a nasty correction that may follow her victory.
Meanwhile, stocks continue to hit record highs. The Dow Jones industrial average
DJIA, + 0.02%
COMP, + 0.48%
and S&P 500
SPX, + 0.26%
all closed last week in green.