Minerd's New Warning: Speculation Is 'Out of Control'

The video discusses a blog piece highlighting the era of cognitive dissonance in the market, where low-risk assets are priced to perfection despite numerous red flags. The coronavirus is identified as a potential trigger for economic downturns, with significant impacts on GDP, corporate profits, and oil prices. Scott Minerd advises market players to invest in high-quality assets, even at a premium, to secure future gains amidst market instability.

How does the text describe the pricing of low-risk assets?

What is the significance of the statement about oil prices potentially falling to $25 a barrel?