Strategists say it is best to avoid Turkey and South Africa, where growth is slowing but the central banks may be unable to act because inflation has hit worrisome levels and interest rates are already too low.

WSJ: How to Play Central Banks

And even then it likely takes some time to work through slack before inflation moves to worrisome higher levels.

FORBES: Inflation Fears and Facts

Jihad levels are worrisome over 3, dangerous at 5 and reportable at 7.

CENTERFORSECURITYPOLICY: New Shariah study documents Islamist threat