Financial markets in highly uncertain times

An IMD masterclass on navigating financial markets in an age of uncertainty

Financial markets are navigating an era of profound uncertainty. Rapid technological change, shifting macroeconomic forces, and evolving geopolitical dynamics are interacting in ways that challenge traditional models of analysis and prediction.

In this in-person masterclass, held in Zürich, Professor Karl Schmedders will unpack recent market developments and confront a hard truth: in fast-moving, complex markets, precise forecasts often provide a false sense of confidence.

Rather than chasing point predictions, we will explore scenario analysis as a disciplined and practical framework for thinking about uncertainty. Participants will learn how to step back from short-term market noise, examine multiple plausible futures, and stress-test decisions across a range of market environments. The goal is not to predict what will happen, but to prepare for what could happen, and to make more resilient financial and strategic choices as a result.

What we’ll explore:

• Why heightened technological, macroeconomic, and geopolitical uncertainty limits the usefulness of point forecasts in financial markets.
• How to distinguish between short-term market noise and structurally relevant developments when assessing recent market movements.
• How to leverage basic principles of scenario analysis to frame market uncertainty, explore alternative futures, and inform more robust financial and strategic decisions.

After the conversation, you are invited to join an information session about the Executive MBA program. Here, you will have the chance to connect directly with our Program Advisors and Alumni to gain:

• Details about the program
• Insights on how learning at IMD can align with your career goals and strategic business objectives 

Please note, this event will not be recorded. This is a unique opportunity to experience the IMD learning journey live.