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The global coronavirus pandemic is spreading more rapidly than ever, and financial markets seem increasingly invulnerable. With a number of vaccines nearing distribution, governments spending at a spectacular pace, and consumers flush with cash, investors are overwhelmingly betting that a powerful economic recovery has gotten underway. The dollar is falling while equity indices, commodity prices and risk-sensitive currencies are all soaring upward.
But as the famous investor John Templeton once put it, "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria”.
Disorder – particularly in the foreign exchange markets – could return in 2021 as weak economic fundamentals interact with overheated asset prices. In this 45-minute webinar, Karl will explore how weak demand, near-zero interest rates, unprecedented debt levels and general political paralysis could be putting the conditions in place for another outbreak of currency volatility - one for which no known treatment exists.
Hosted by Cambridge Global Payments
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Karl Schamotta, Chief Market Strategist, Cambridge Global Payments
Karl leads Cambridge’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses harness market volatility. He has built risk management and trading programmes for hundreds of major corporations, and has extensive experience in managing exposures across major, minor and exotic currencies. Karl is a regular contributor to a number of international finance publications, and is often quoted by the Wall Street Journal, Bloomberg, Reuters, CNN and CNBC.
Hosted by: ACG
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U.K.
