Recently experts from NASA conducted a hypothetical asteroid impact scenario response. The test studied a potential asteroid of considerable size with a 72% chance of hitting our planet on July 12, 2038. What NASA didn't consider were the massive challenges a problem of this magnitude could pose for CFA charterholders. Just as survivalists would be called upon to address food shortages and short-term shelter, CFA experts would be critical in protecting portfolios and guiding clients through unprecedented uncertainty. It’s always difficult to predict the future, but one can assume market reactions will be extreme: high volatility with safe-haven assets like gold skyrocketing. Diversification and liquidity become crucial. Aerospace and defense sectors might see a boost, while tourism and insurance could suffer.
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