Here Are StanChart’s Eight Big Market Risks for 2021
- Vaccine holdup would be main threat to reflation consensus
- Democrat victory in U.S. Senate is among underpriced risks
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What could go wrong for investors next year after the ultimate black swan event of the coronavirus pandemic? Well, a lot, judging by Standard Chartered Plc’s list of potential market surprises for 2021.
Democrats winning control of the Senate, a U.S.-China detente driving a yuan rally to 6 versus the dollar, or oil crashing to $20 per barrel on an OPEC rupture. Those are among the eight “unlikely” events that could upend markets, according to the bank’s global head of research, Eric Robertsen, in an annual financial-markets surprises report.