In our IceCap Global Outlook issues, we’ve shared our thoughts on why the global economy and financial system were vulnerable to a shock or a trigger point that would begin the process of unwinding monetary and fiscal market largess that has been accumulating for over 70 years.
The trigger point happened to be COVID-19. The virus and subsequent political, fiscal, and monetary reactions have ignited a process that will likely lead to an increase in financial, economic, political, and social stress across numerous markets and countries.
On April 30th, we hosted a webinar that gave our followers the opportunity to see our deep chart deck and hear our thoughts on the crisis and its impact on markets.
Ironically, while the crisis is creating serious losses across multiple markets and economies, we believe it is also creating significant opportunities for gains in other places.
It seems like the future economic and financial path of the crisis is now very clear. Due to the crisis having a deep effect on individual markets, the probability of severe stress developing and spilling over into other markets has increased significantly. This creates a chain reaction across different markets and sectors, and the first domino has already fallen.
Stress across global markets is developing— just as we have expected. For this reason, IceCap remains optimistic about the probabilities of our future successes.
Enjoy the show.