I was thinking about this yesterday, and it occurred to me... that a multi-asset strategy has a sort of built-in "black swan protection" LOL.

They say that during black swan events, in general, markets tend to "sell off". Presumably they are talking about equity markets here. Because I don't see how currency markets could really sell off.

By trading multiple currencies, and preferably not too heavily weighted in any particular currency, it would seem that you are somewhat hedged against chaos. While one currency declines, another may increase. If both in the pair declined, then I think the pair value would just flatline.

Is this wrong logic?