Unknown / Black Swan

The occurrence of rare, widespread snow in the Atacama Desert, one of the driest regions on Earth, suggests significant climate anomalies that could have cascading effects on local ecosystems and global weather patterns. Such events are not typically accounted for in standard climate models, indicating a potential black swan scenario. Additionally, the surge in bond yields raising new 'black swan' risks highlights financial instability that could intersect with these environmental anomalies, compounding their impact. These developments underscore the unpredictability of climate and economic systems, warranting a heightened risk assessment.