The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: The arrest of Huawei deputy chair Meng Wanzhou has all bit stranged the "trade truce" narrative, and weak US employment and trade data did nothing to help.