Regardless of whether the market is in a recessionary or depressionary situation is less relevant to the fact that radical marketplace drifts are already occurring.

Marketplace drift occurs when new threats, obligations, and opportunities are opened up due to shifts, changes, disruptions, and innovation in technology, demographics, economics, and politics. During less turbulent times, changes in more than one of these spaces is atypical although not extraordinary. In our current moment, radical change in all of these areas - and more - are taking place.

When radical change occurs in multiple domains simultaneously, then a wide open environment ensues.

It's becomes difficult to assess this environment because a threat could also serve as an opportunity and usually does. Resorting to fundamentals use usually instructive but even now the fundamentals are evolving. Here are a few examples of radical change in multiple domains:

Technology: ChatGPT - A new artificial intelligence that's arguably, more advanced than anything previously released to the public.

Politics: Populism - Although populism isn't necessary new, it's certainly a shift from most recent history. With populism being dormant for so long, at least in its current form, current business leaders have yet to encounter this form of politics.

Demographics: With evolutions in medicine and technology, how humans take care of their concerns have evolved radically in the past 10 years. Not everyone is prepared for this change.

Economics: Cryptocurrencies - Bitcoin and other algorithmic currencies are reshuffling currencies and the power structures attached to them.

How are you adapting to these changes?